JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
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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.
