Overall, GBP/JPY is ranging across. Recently, GBP/JPY trended into the support zone of 151.000.

The UK final services PMI data (Actual: 56.3, Forecast: 56.8, Previous: 56.8) released yesterday indicated a slight downward revision in the services PMI for March.

The UK Construction PMI data (Forecast: 55.0, Previous: 53.3) will be released later at 1630 (SGT).

Currently, GBP/JPY is testing the support zone of 151.000 and the next resistance zone is at 153.000.
Look for selling opportunities of GBP/JPY if it breaks the support zone of 151.000.

Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!


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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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