GBP/JPY Outlook (23 December 2021)

550
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke the resistance zone of 151.000.

The UK Final GDP q/q data (Actual:1.1%, Forecast: 1.3%, Previous: 1.3%) released yesterday indicated a slowdown in economic growth during the third quarter.

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

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