GBP/JPY Outlook (17 December 2021)
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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