AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro- Major Pair levels and bias summary 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro- Major European Indices 
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
The GBP/JPY is trading flat with no proper direction. It hits an intraday high of 194.49 and is currently trading around 194.27. Intraday trend is bullish as long as support 193 holds.
UK Chancellor Rachel Reeves highlighted adjustments to economic and fiscal policies in the Spring Statement on March 26, 2025, with tax rises and austerity to meet the five-year budget balance, and put off announcements of major new taxes until the Autumn Budget. The OBR reduced the GDP growth rate in 2025 by half to 1.0% but marginally upgraded forecasts for future years. A further £2.2 billion was put towards defense, to 2.5% of GDP by 2027, paid for through foreign aid and Treasury reserve cuts. Though welfare budget reductions were tempered, income tax band freezes will raise household taxes. Reeves recognized the difficulty for companies with increasing National Insurance and employment legislation. The government's decisions are meant to provide security in the face of international dynamics, demonstrating a prudent fiscal strategy balancing growth and budgetary pressures
Technical Analysis Points to Further Upside
The GBP/JPY pair is trading above 34 and 55 EMA (Short-term) and 200 EMA (long-term on the 4-hour chart, confirming a bullish trend. Immediate resistance is at 195, a breach above this level targets 196/196.80/198. Downside support is at 193.45 with additional levels at 193.45/193//192.45/191.70/191/189.80/188.75/188/187.25/186/185.
Market Indicators
CCI (50)- Bullish
Directional movement index - Neutral
It is recommended to buy on dips around 193.50 with a stop-loss at 193 for a TP of 196/197.
