GBP/JPY Outlook (06 December 2021)
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke below the key level of 150.
The UK Construction PMI data (Forecast: 54.9, Previous: 54.6) will be released later at 1730 (GMT+8).
Bank of England committee member Broadbent will be speaking later at 1930 (GMT+8).
During this time, there may be volatility in GBP.
Currently, GBP/JPY is bouncing off the support zone of 148.900 and the next resistance zone is at 151.000.
Look for short-term selling opportunities of GBP/JPY only if it breaks the support zone of 148.000.
The UK Construction PMI data (Forecast: 54.9, Previous: 54.6) will be released later at 1730 (GMT+8).
Bank of England committee member Broadbent will be speaking later at 1930 (GMT+8).
During this time, there may be volatility in GBP.
Currently, GBP/JPY is bouncing off the support zone of 148.900 and the next resistance zone is at 151.000.
Look for short-term selling opportunities of GBP/JPY only if it breaks the support zone of 148.000.