GBP/JPY Outlook (07 January 2022)
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY bounced off the support zone of 156.000.
The UK Construction PMI data (Forecast: 53.9, Previous: 55.5) will be released later at 1730 (GMT+8).
Currently, GBP/JPY is testing to break above the key level of 157. Its next support zone is at 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY if it bounces down from the key level of 157.
The UK Construction PMI data (Forecast: 53.9, Previous: 55.5) will be released later at 1730 (GMT+8).
Currently, GBP/JPY is testing to break above the key level of 157. Its next support zone is at 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY if it bounces down from the key level of 157.
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