GBPJPY lost its shine on the weak Pound sterling. It hit a low of 181.74 yesterday and is currently trading around 182.225.
GBPUSD- Trend- Bearish
The pound sterling declined sharply and hits its lowest level since Jul 7 on board-based US dollar buying. Markets eye BOE monetary policy for further direction. Any dovish rate hike will drag the pound sterling further down. Any break below 1.2675 confirms further bearishness.
USDJPY- Bullish
The pair gained momentum on surging US treasury yield. The significant resistance is 143.60/145.
GBPJPY analysis-
The near-term support is around 181.70, a breach below the target of 180.80/180. The immediate resistance is at 182.50, any violation above will take the pair to 183.25/184.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to sell on rallies around with SL around 183 for a TP of 178.


EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD bears maintain upper hand
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR retreats slightly but bias is bullish
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Major Pair levels and bias summary 



