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GBPJPY showed a minor pullback after upbeat UK GDP data. It hit a high of 185.20 at the time of writing and is currently trading at around 185.21.
GBPUSD- Trend- Neutral
The pound sterling recovered mildly after the UK GPD data. The UK economy expanded at an annual rate of 0.60% in Q3, above the forecast of 0.50%. Any close above 1.24200 confirms further bullishness.
USDJPY- Bullish
The pair gained momentum on hawkish Powell comments. The significant resistance is 152/153.
GBPJPY analysis-
The near-term resistance is around 186, a breach above targets 186.75/188.45 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- Neutral
It is good to buy at dips around 184.75-80 with SL around 184.20 for the TP of 188.
