14^th December 2021 Technical Analysis

GBPJPY

GBPJPY fell on Monday, and the technical bias is bearish due to lower lows in the recent volatility trend.

The pair is currently trading near 149.974，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 150.150

Resistance level 2: 150.350

Resistance level 3: 150.550

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 149.900

Support level 2: 149.700

Support level 3: 149.450

Today, the United Kingdom will announce the unemployment rate data for October. Higher data indicate unfavourable to the pound, so it is negative for the GBPJPY currency pair, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the GBPJPY currency pair near the current level.

GBPUSD

GBPUSD fell on Monday, and the technical bias is bearish due to a lower low in the recent downtrend.

The pair is currently trading near 1.32050，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.32200

Resistance level 2: 1.32400

Resistance level 3: 1.32600

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.31950

Support level 2: 1.31800

Support level 3: 1.31650

On Wednesday, the United Kingdom will announce November inflation data. Higher data indicate favourable to the pound, so the GBPUSD currency pair is bullish, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the GBPUSD currency pair near the current level.