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GBP/JPY Outlook (15 January 2021)

British Pound / Japanese Yen (FX:GBPJPY)  
JinDao_Tai  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Forex macro technical trend GBPJPY
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trendanalysis forex macro technical trend gbpjpy
Overall, GBP/JPY is trending upwards.

The UK GDP m/m data (Forecast: -4.6%, Previous: 0.4%) will be released later at 1500 (SGT).

Currently, GBP/JPY is testing the resistance zone of 142.200 and its next support zone is at 140.000.
Look for short-term selling opportunities of GBP/JPY if it bounces off the resistance zone of 142.200.
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