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- Currency pairs to watch (GBPJPY) for the day) - EconoTimes)
| 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
