GBP/JPY Outlook (21 February 2022)
Overall, GBP/JPY is ranging across. Recently, GBP/JPY traded into the support zone of 156.000.
The UK flash PMI data will be released later at 1730 (GMT+8).
Flash Manufacturing PMI (Forecast: TBA, Previous: 57.3 revised from 56.9)
Flash Services PMI (Forecast: TBA, Previous: 54.1 revised from 53.3)
Currently, GBP/JPY is testing the support zone of 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY if it breaks the support zone of 156.000.
The UK flash PMI data will be released later at 1730 (GMT+8).
Flash Manufacturing PMI (Forecast: TBA, Previous: 57.3 revised from 56.9)
Flash Services PMI (Forecast: TBA, Previous: 54.1 revised from 53.3)
Currently, GBP/JPY is testing the support zone of 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY if it breaks the support zone of 156.000.
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