Overall, GBP/JPY is ranging across. Recently, GBP/JPY broke below the key level of 147 after the escalation of the Russia-Ukraine geopolitical tension, leading to the strengthening of JPY.
The Preliminary GDP q/q data (Actual: 1.0%, Forecast: 1.1%, Previous: 1.1% revised from 1.3%) released last Friday indicated a slight slowdown in economic growth during the fourth quarter of 2021.
Currently, GBP/JPY is bouncing off the support zone of 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY only if it trades below the support zone of 156.000.
The Preliminary GDP q/q data (Actual: 1.0%, Forecast: 1.1%, Previous: 1.1% revised from 1.3%) released last Friday indicated a slight slowdown in economic growth during the fourth quarter of 2021.
Currently, GBP/JPY is bouncing off the support zone of 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY only if it trades below the support zone of 156.000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.