FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (GBPJPY) for the day)

Pair	Value	Recommendation
GBPJPY	313.90	Strong Buy

GBPJPY

Major resistance- 161.20

Near-term support- 160

Trend reversal level- 162

Above (-150): Sell 

Above (-300): Strong Sell 

Above 150: Buy

Above 300: Strong Buy

The pair has taken support near 200-4H EMA and shows a minor pullback. Any close below 160 confirms minor bearishness.

It is good to buy on dips around 160 with SL around 159 for TP of 162