GBP/JPY Outlook (22 July 2021)
ByJin Dao Tai
JUL 22, 2021
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY trended into the resistance zone of 151.000.
Bank of England committee member Broadbent will be speaking later at 1630 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/JPY is testing the resistance zone of 151.000 and the next support zone is at 148.900.
Look for short-term buying opportunities of GBP/JPY if it breaks the resistance zone of 151.000.
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