GBPJPY declined sharply on weak Pound sterling. It hit a low of 183.18 at the time of writing and is currently trading around 183.60.
GBPUSD- Trend- Bearish
The pound sterling lost its shine after dismal UK GDP data. UK economy shrank by 0.50% in Jul, compared to a forecast of -0.20%. Any break below 1.2440 confirms further bearishness.
USDJPY- Bullish
The pair holds above the 147 level ahead of US CPI data. The significant resistance is 148/150.
GBPJPY analysis-
The near-term resistance is around 184.25, a breach above targets 184.60/185. The immediate support is at 182.80, any violation below will drag the pair to 182/180.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- bearish
It is good to sell on rallies around 183.75-80 with SL around 185 for the TP of 180.


Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/AUD under pressure as pound continues to weaken
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: GBP/AUD bears maintain upper hand
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: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 



