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GBP/JPY Outlook (01 June 2021)

FX:GBPJPY   British Pound / Japanese Yen
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY bounced down from the key level of 156.

Bank of England Governor Bailey will be speaking later at 2300 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/JPY is moving towards the key level of 156. Its next support zone is at 155.000 and the next resistance zone is at 157.000.
Look for short-term selling opportunities of GBP/JPY if it fails to break above the key level of 156.

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