GBP/JPY Outlook (09 July 2021)

Overall, GBP/JPY is ranging across. Recently, GBP/JPY trended and broke below the key level of 152.

G20 meetings will be held today. During this time, there may be volatility in the market.

Bank of England Governor Bailey will be speaking later at 1800 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/JPY is bouncing off the support zone of 151.000 and the next resistance zone is at 153.800.

Look for short-term buying opportunities of GBP/JPY .