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GBP/JPY Outlook (14 March 2022)

Long
British Pound / Japanese Yen (FX:GBPJPY)  
filatovarthur  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Fundamental Analysis Forex forexsignals forextrading forexanalysis GBPJPY
4
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trendanalysis fundamental forex forexsignals forextrading forexanalysis gbpjpy
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke above the key level of 153.

The UK GDP m/m data (Actual: 0.8%, Forecast: 0.1%, Previous: -0.2%) released last Friday indicated a strong rebound in UK’s economic growth in January.

GBP/JPY’s next support zone is at 151.000 and the next resistance zone is at 153.800.
Look for short-term buying opportunities of GBP/JPY.
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