![](https://decodecapital.com.au/wp-content/uploads/2021/11/Brenna-TA-EN.png)
8th December 2021 Technical Analysis
GBPJPY
GBPJPY moves horizontally on Tuesday, and the technical bias is bullish due to higher lows in the recent uptrend.
![](https://decodecapital.com.au/wp-content/uploads/2021/12/image.png)
The pair is currently trading near 150.340,and multiple resistance levels can be seen above which may prevent the price from rising further.
Resistance level 1: 150.600
Resistance level 2: 150.820
Resistance level 3: 151.100
Below the price, multiple support levels can be seen which may prevent the price from falling.
Support level 1: 150.100
Support level 2: 149.850
Support level 3: 149.650
On Friday, UK will announce GDP data for October of 2021. Higher data indicate favourable to the pound, so it is bullish for the GBPJPY currency pairs, and vice versa.
Looking at the current price trend and economic development, it may be a good trading choice to buy the GBPJPY currency pair near the current level.
AUDUSD
AUDUSD rose on Tuesday, and the technical bias is bullish due to higher highs in the recent downtrend.
![](https://decodecapital.com.au/wp-content/uploads/2021/12/image-1.png)
The pair is currently trading near 0.71153,and multiple resistance levels can be seen above which may prevent the price from rising further.
Resistance level 1: 0.71400
Resistance level 2: 0.71730
Resistance level 3: 0.72000
Below the price, multiple support levels can be seen which may prevent the price from falling.
Support level 1: 0.70830
Support level 2: 0.70550
Support level 3: 0.70250
On Friday, the United States will release inflation data for November. Higher data indicate favourable to the US dollar, so it is negative for the AUDUSD currency pair, and vice versa.
Looking at the current price trend and economic development, it may be a good trading choice to buy the AUDUSD currency pair near the current level.