GBPUSD- Trend- Bullish
The pound sterling has been weak for the past four days on board-based US dollar buying. US private sector employment increased by 103000 jobs in Nov, below expectations of 131000.UK construction PMI dropped to 45.5 in Nov, compared to a forecast of 46.30. Any close below 1.2500 confirms further bearishness.
USDJPY- Bearish
The pair lost its shine after weak US private sector jobs data..The significant support is 146.50/145.
GBPJPY
The near-term resistance is around 184.50 a breach above targets 185.60/186.20. The immediate support is at 183.50, any violation below will drag the pair to 182.40/181.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to sell on rallies around 185 with SL around 186 for the TP of 182.
