GBP/JPY Outlook (11 March 2022)

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Overall, GBP/JPY is trending downwards. Recently, GBP/JPY bounced down from the key level of 153.

The UK GDP m/m data (Forecast: 0.1%, Previous: -0.2%) will be released later at 1500 (GMT+8).

GBP/JPY’s next support zone is at 151.000 and the next resistance zone is at 153.800.
Look for short-term buying opportunities of GBP/JPY.

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