8^th  December 2021 Technical Analysis

GBPJPY

GBPJPY moves horizontally on Tuesday, and the technical bias is bullish due to higher lows in the recent uptrend.

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.

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.