GBP/JPY Outlook (11 February 2022)

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Overall, GBP/JPY is ranging across. Recently, GBP/JPY rejected the resistance one of 158.000.

The Preliminary GDP q/q data (Forecast: 1.1%, Previous: 1.1% revised from 1.3%) will be released later at 1500 (GMT+8).

GBP/JPY’s next support zone is at 156.000 and the next resistance zone is at 158.000.
Look for short-term buying opportunities of GBP/JPY.

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