The secondary trend of GBP/JPY is on charts and price is trading above the in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day and is taking support of 200 day indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. 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 positive territory indicating the in the pair.
is sustaining in its buying zone indicating the upcoming in the pair.
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.