GBP/JPY Could Break Below Support
Filatov Arthur | Dec 05, 2021 10:40PM ET
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke below the key level of 150. The UK Construction PMI data (Forecast: 54.9, Previous: 54.6) will be released later. And, Bank of England committee member Broadbent will be speaking later.
During this time, there may be volatility in GBP. Currently, GBP/JPY is bouncing off the support zone of 148.900 and the next resistance zone is at 151.000. Look for short-term selling opportunities of GBP/JPY only if it breaks the support zone of 148.000.
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