GBPJPY pared some of its gains on the weak Pound sterling. It hit a low of 187.17 yesterday and is currently trading at around 187.52.
GBPUSD- Trend- Neutral
The pound sterling lost more than 100 pips on weak UK inflation. The yearly inflation declined sharply to 4.6% in Oct vs the forecast of 4.8%. US PPI rose 1.3% YoY in Oct, compared to a forecast of 2.2%. The annual core PPI surged 2.4% in Oct vs. Forecast of 2.70%. US retail sales dropped 0.10% in Oct from the previous month's 0.90%. Empire State manufacturing index improved to 9.1 in Nov from -4.2 in Oct. Any close below 1.2375 confirms further bearishness.
USDJPY- Bullish
The pair showed a minor pullback despite a weak US PPI. The significant resistance is 152/153.
GBPJPY analysis-
The near-term resistance is around 188.35, a breach above targets 189.20/190. The immediate support is at 186.50, any violation below will drag the pair to 185.80/183.60/.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- nEUTRAL
It is good to buy at dips around 187 with SL around 186 for the TP of 189.25


FxWirePro: EUR/NZD downside pressure builds, key support level in focus
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Woodies pivot (Major)
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 



