The secondary trend of GBP/JPY is on charts and price is trading above the in its hourly chart. In hourly chart the price is sustaining above 200 day and taking support of 50 day indicating uptrend of the pair.
of 167.71 and of 161.67
If it breaks its on the upside and sustains above it then we can expect it to show further movement in the pair.
is sustaining in its buying zone indicating the upcoming in the pair.
STRATEGY: GBP/JPY is looking on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.