GBPJPY showed a minor pullback after BOE monetary policy. It hit a low of 180.40 yesterday and is currently trading around 181.48.
GBPUSD- Trend- Bearish
The pound sterling jumped slightly after a little hawkish BOE monetary policy. Bank of England hiked rates by 25 bpbs as expected to 5.25% to tackle inflation. The central bank said it would keep rates higher until UK inflation comes under control. Any break above 1.2750 confirms further bullishness.
USDJPY- Bullish
The pair showed a minor decline ahead of the US Non-farm payroll. The significant resistance is 143.60/145.
GBPJPY analysis-
The near-term support is around 181, a breach below the target of 180/178.80. 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 stay away.


FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro:USD/JPY hovers near a four-decade low
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- Major Crypto levels and bias summary
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
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: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro- Woodies pivot (Major) 



