GBP/JPY Outlook (14 January 2022)

419
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke below the key level of 157.

The UK GDP m/m data (Forecast: 0.4%, Previous: 0.1%) will be released later at 1500 (GMT+8).

Currently, GBP/JPY is trading towards the support zone of 156.000 and the next resistance zone is at 158.000.
Look for short-term buying opportunities of GBP/JPY if it bounces off the support zone of 156.000.

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.