ByJin Dao Tai
JUL 15, 2021
Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced down from the key level of 153.
The UK CPI y/y data released yesterday indicated a higher-than-expected increase in annual inflation.
- CPI y/y (Actual: 2.5%, Forecast: 2.2%, Previous: 2.1%)
- Core CPI y/y (Actual: 2.3%, Forecast: 2.0%, Previous: 2.0%)
Currently, GBP/JPY is testing to break below the key level of 152. Its next support zone is at 151.000 and the next resistance zone is at 153.800.
Look for short-term selling opportunities of GBP/JPY if it breaks below the key level of 152.
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