Mon, 02 May 2022 11:36:52 GMT
GBP/JPY remains near 163.50
Since Thursday, the GBP/JPY currency pair has been trading between the support zone at 162.25/162.60 and resistance at 163.95/164.25.
A move below the 162.25/162.60 zone would have no technical support as low as the weekly S1 simple pivot point at 160.10. Meanwhile, take into account that round exchange rate levels could slow down a decline.
On the other hand, a surge above