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FxWirePro- GBPJPY Daily Outlook
GBPJPY showed a minor pullback despite hawkish BOJ comments. It hit a low of 190.32 yesterday and is currently trading at around 191.02.
GBPUSD- Trend- Bullish
The pound sterling gained after upbeat UK PMI data. UK flash manufacturing PMI for Aug came in at 52.50 compared to a forecast of 52.10. While services PMI surged sharply to 53.30 in Aug vs. Forecast of 51.70. Any close above 1.3150 confirms further bullishness.
USDJPY- Bearish
The pair lost its momentum after hawkish BOJ monetary policy. The significant support is 145/143.
GBPJPY
The near-term resistance is around 192, a breach above targets 193.55/195. The immediate support is at 188, any violation below will drag the pair to 186.45/184.90.
Indicators (4-hour chart)
ADX- Neutral
It is good to sell on rallies around 193.55 with SL around 195 for the TP of 184.90.
