GBP/JPY Outlook (11 May 2021)
ByJin Dao Tai
MAY 11, 2021
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke the resistance zone of 153.000.
Bank of England Governor Bailey will be speaking later at 2230 (SGT). During this time, there may be volatility in GBP.
Currently, GBP/JPY is moving towards the key level of 154. Its next support zone is at 153.000 and the next resistance zone of 155.000.
Look for buying opportunities of GBP/JPY.
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