GBP/JPY Outlook (23 February 2022)
Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 156.000.
Bank of England Governor Bailey and the central bank’s committee members will be testifying on the monetary policy report later at 1730 (GMT+8). During this time, there may be volatility in GBP.
GBP/JPY’s next support zone is at 156.000 and the next resistance zone is at 158.000.
Look for short-term buying opportunities of GBP/JPY.
Bank of England Governor Bailey and the central bank’s committee members will be testifying on the monetary policy report later at 1730 (GMT+8). During this time, there may be volatility in GBP.
GBP/JPY’s next support zone is at 156.000 and the next resistance zone is at 158.000.
Look for short-term buying opportunities of GBP/JPY.
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