JinDao_Tai

GBP/JPY Outlook (10 December 2021)

Short
FX:GBPJPY   British Pound / Japanese Yen
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke below the key level of 150.

The UK GDP m/m data (Forecast: 0.4%, Previous: 0.6%) will be released later at 1500 (GMT+8).

Currently, GBP/JPY is testing to break above the key level of 150. Its next support zone is at 148.900 and the next resistance zone is at 151.000.
Look for short-term selling opportunities of GBP/JPY if it bounces down from the key level of 150.

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