GBPJPY is trading weak after a minor pullback from the previous week's low of 159.62. The pound sterling declined below 1.25500 ahead of the US FOMC meeting. Markets already factoring 50 basis rate hikes. Any breach below 1.2400 confirms further bearishness. GBPJPY hits an intraday high of 163.41 and is currently trading around 163.289.
USDJPY
USDJPY holds above 130 ahead of Fed policy guidance. The intraday weakness is only below 129.
Technicals:
On the lower side, immediate support is around 162, breach below will drag the pair to the next level to 159. The minor resistance to be watched is around 164.25, a break above that level confirms intraday bullishness, and a jump to 165/166/168 is possible.
It is good to sell on rallies around 162.55-60 with SL around 164.25 for the TP of 159/156.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Woodies pivot (Major)
JPY Action Bias: Bullish Pairs to Watch Out For
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro:USD/JPY hovers near a four-decade low
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro :USD/JPY eases slightly, remains on bullish path
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 



