GBPJPY showed a massive recovery of more than 500 pips on the weak Yen. It hits a high of 182.42 yesterday and is currently trading around 141.72.
GBPUSD- Trend- Bullish
The pound sterling recovered above 1.2850 after weak US PCE data. According to the commerce department, the PCE index increased 0.20%, in line with the estimate. Core inflation rose 4.1% YoY, down from 4.6% in May. Any break above 1.2900 confirms further bullishness.
USDJPY- Bullish
The yen dropped sharply on upbeat US economic data. Significant resistance is 142.50/144.
GBPJPY analysis-
The near-term support is around 181.50, a breach below the target of 180.80/180. The immediate resistance is at 183, any violation above will take the pair to 184/185.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 182 with SL around 181 for a TP of 176.


FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: GBP/AUD under pressure as pound continues to weaken
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/NZD gains some ground but outlook is bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: USD/CAD edges lower but bullish outlook persists 



