GBPJPY trades sideways ahead of Fed monetary policy. It hits a low of 159.75 and is currently trading around 160.305.
GBPUSD- Trend- Bullish
The pound sterling declined more than 100 pips after a minor jump above 1.2400. Markets eye US Fed monetary policy for further movement. Any hawkish comments by Fed Chairman will push GBP down to 1.2260. Any daily close below 1.2260 will take the pair to 1.2200/1.2150.
USDJPY- Bearish
The pair trades in a narrow range between 131.11 and 129.26 for the past two days ahead of Fed monetary policy meeting. Major supports are 129/127.20/125.
GBPJPY analysis-
The near-term support is around 160, a breach below targets of 158.50/157.50/156. The immediate resistance is around 161.80, any violation above will take the pair to 163/164.
Indicators (4-hour chart)
CCI (50) –bullish
ADX- neutral
It is good to buy on dips around 159.70-75 with SL around 159 for a TP of 163.


AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major Crypto levels and bias summary
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/NZD remains bullish as rally continues
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major European Indices 



