GBP/JPY Outlook (11 June 2021)
ByJin Dao Tai
JUN 11, 2021
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke the support zone of 155.000.
Bank of England Governor Bailey will be speaking later at 1630 (GMT+8). During this time, there may be volatility in GBP.
Day 1 of the G7 meetings will be held today. During this time, there may be volatility in the market. Also, day 2 and 3 of the meetings will be held over the weekend.
Currently, GBP/JPY is testing the resistance zone of 155.000 and the next support zone is at 153.000.
Look for selling opportunities of GBP/JPY if it bounces off the resistance zone of 155.000.
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