GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
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FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major European Indices 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Woodies Pivot(Major) 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
Chart - Courtesy Trading View
USD/JPY was trading rangebound at 129.96 at around 10:45 GMT, with session high at 130.20 and low of 129.96.
The major grinds sideways as traders stay wary amid pre-Fed trading lull. Some consolidation ahead of the potential breakout.
Technical indicators support the current bullish stance. A hawkish outcome from the Fed will propel the pair higher.
Markets have priced in a 0.50% rate hike and clues for balance-sheet normalization. Hence the Fed needs to do more to buoy the USD.
On the other side, an ultra-loose monetary policy by the BOJ has kept the Japanese yen on the edge.
Major Support and Resistance Levels:
Support levels:
S1: 129.18 (200H MA)
S2: 127.58 (20-DMA)
Resistance levels:
R1: 130.16 (5-DMA)
R2: 131.16 (Upper BB)
Summary: USD/JPY likely to stay volatile into the Fed meeting. Fed chair Jerome Powell's statement to dictate further direction.
