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FxWirePro- GBPJPY Daily Outlook

    
GBPJPY is trading flat despite the strong UK PMI. It hit a high of 187.65 yesterday and is currently trading at around 187.236.

 GBPUSD- Trend- Neutral

The pound sterling jumped more than 50 pips after upbeat UK PMI.  UK Services and manufacturing showed a minor uptick in Nov at 46.7 and 50.10 respectively. Markets eye US flash manufacturing and services PMI for further direction. Any close above 1.2570 confirms further bullishness.


USDJPY- Bullish

 The pair lost its shine on easing US treasury yield. The significant resistance is 152/153.
     
 The near-term resistance is around 188.25, a breach above targets 189.20/190. The immediate support is at 187, any violation below will drag the pair to 186.50/185.40
 
  Indicators (4-hour chart)
 
  CCI (50)- Bullish
 
  ADX- Bullish
 
  It is good to buy on dips around 187 with SL around 186.40 for the TP of 189.

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