Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke the resistance zone of 151.000
The Bank of England (BoE) surprised the market with an interest rate hike of 0.15% during their meeting yesterday. Eight out of nine committee members voted for a rate hike. Also, all nine members voted for QE to remain unchanged.
The UK Retail Sales data (Forecast: 0.8%, Previous: 0.8%) 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.
The Bank of England (BoE) surprised the market with an interest rate hike of 0.15% during their meeting yesterday. Eight out of nine committee members voted for a rate hike. Also, all nine members voted for QE to remain unchanged.
The UK Retail Sales data (Forecast: 0.8%, Previous: 0.8%) 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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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.
Join my mailing list jindaotai.com/joinme
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.