GBPJPY declined slightly due to the strong yen. The pound sterling regained after the Central bank rejected odds of a 75 bpbs rate hike. Any breach above 1.26500 confirms further bullishness. GBPJPY hits an intraday high of 163.57 and is currently trading around 162.33.
USDJPY
USDJPY holds below 130 as the dollar is under pressure after Fed. The intraday weakness is only below 128.50.
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.
