GBPJPY lost more than 200 pips on the strong yen. It hits a low of 168.90 and is currently trading around 169.229.
GBPUSD- Trend- Bullish
The pound sterling gained momentum after a less hawkish Fed monetary policy. The central bank hiked rates by 25 bpbs as expected. The Fed reserve has dropped from its policy statement "anticipates" further rate hikes would be needed. Any close above 1.2600 will take the pair to 1.2700.
USDJPY- Bullish
The pair pared most of its gains after Fed monetary policy. Significant support is 134/133.
GBPJPY analysis-
The near-term support is around 168.80, a breach below the targets of 168/166. The immediate resistance is at 170.50, any violation above will take the pair to 171.50/172.35.
Indicators (4 Hour chart)
CCI (50)- Neutral
ADX- Neutral
It is good to sell on rallies around 170 with SL around 172 for a TP of 166.


GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Woodies Pivot(Major) 



