GBPJPY trading in a narrow range between 182.67 and 184.38 for the past four days. It hit a high of 184.38 yesterday and is currently trading around 183.69.
GBPUSD- Trend- Bearish
The pound sterling recovered slightly after hitting a multi-month low. The dismal UK GDP has decreased the chance of a rate hike by the Bank of England. Any break below 1.2440 confirms further bearishness.
USDJPY- Bullish
The pair pared some of its despite upbeat US inflation 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.


FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 



