ByJin Dao Tai
AUG 27, 2021
Overall, GBP/JPY is trending downwards.
Day 1 of the Jackson Hole Symposium will be held today. During this time, expect volatility in GBP/JPY.
UK banks will be closed next Monday in observance of Summer Bank Holiday. Expect lower trading volatility and volume during the usual London market hours.
Currently, GBP/JPY is testing to break the support zone of 151.000 and the next resistance zone is at 153.800.
If GBP/JPY bounces off the support zone of 151.000, look for short-term buying opportunities up until the Federal Reserve Chairman Powell’s speech at 2200 (GMT+8).
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