FxWirePro:EUR/NZD dips below lower range, bearish bias increases 
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY 
FxWirePro: AUD/USD remains buoyant, looks to extend gains 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains 
FxWirePro: EUR/AUD bears maintain upper hand 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/ZAR downside pressure builds, key support level in focus 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation 
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral 
The GBPJPY pair saw a minor increase following the release of cooler-than-expected UK CPI data, reaching a high of 208.67 before settling near 208.61.UK CPI for January 2026 cooled to 3.0% y/y (from 3.4%), driven by sharp slowdowns in transport (2.7%) and food (3.6%) inflation, while core CPI eased to 3.1% — its lowest since August 2021.
Services inflation remained sticky at 4.4%, though restaurants/hotels rose slightly to 4.1%; monthly CPI turned negative at -0.5%.
The softer print boosts BoE May rate-cut probability to ~70%, supporting a modestly stronger GBP and keeping the path toward the 2% target alive by mid-2026.
|
Technicals |
CMP -208.60 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
208.32 |
CMP > value |
Bullish |
|
200- EMA |
209.67 |
CMP < value |
Bearish |
|
365- EMA |
210.50 |
CMP < value |
Bearish |
Major support- 207.50/206.75/205. Major resistance - 208.25/20920/210
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
above zero line (slightly bullish) |
3.91 |
|
ADX |
Bullish |
Strength jumped from 19 to 20.53 |
It is good to sell on rallies around 208.78-80 with SL around 210 for a TP of 206.
