Fri, 29 Jul 2022 16:09:14 GMT
GBP/JPY decline reaches below 162.00
On Friday morning, the GBP/JPY currency pair shortly traded below the 162.00 level, prior to returning to trade back above it during the second half of the day.
If the Pound recovers its lost value against the Japanese Yen, the rate could encounter resistance in the 163.00 and 163.50 levels, before approaching the 50, 100 and 200-hour simple moving averages