Major Pair Action Bias: Bullish Pairs to Watch Out For 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
FxWirePro- Major Pair levels and bias summary 
GBPJPY lost its shine and declined more than 100 pips on the weak Pound sterling. It dropped below 1.2200 yesterday on board-based US dollar buying and economic slowdown. Any breach below 1.2160 confirms a bearish continuation. Technically in the 4-hour chart, the pair is holding above 21-EMA, above 55 EMA, and long-term 200 EMA (163.87). Any break below 165.70 will drag the pair down to 165/164.60/163. GBPJPY hits an intraday high of 166.33 and is currently trading around 166.475.
The near-term resistance is around 167, any breach above targets 167.85/168.75.
Indicators (4-hour chart)
CCI (50) - Bullish
ADX- neutral
It is good to buy on dips around 166 with SL around 165 for TP of 168.
