GBPJPY showed a minor pullback after a major sell-off. It hit a low of 184.45 yesterday and is currently trading at around 186.42.
GBPUSD- Trend- Neutral
The pound sterling pared some of its gains after the FOMC meeting minutes. Fed officials unanimously decided to keep the benchmark lending rate unchanged in a range of 5.25% to 5.5%. The Fed members agreed that the central bank would hike rates if incoming data was insufficient.
Any close above 1.2550 confirms further bullishness.
USDJPY- Bullish
The pair surged sharply after the FOMC meeting minutes. The significant resistance is 152/153.
The near-term resistance is around 187, a breach above targets 188.35/ 189.20/190. The immediate support is at 184.50, any violation below will drag the pair to 183.60/182.50.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to buy on dips around 186 with SL around 185 for the TP of 188.


JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 



