Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke the resistance zone of 151.000.

The UK Retail Sales m/m data (Forecast: -0.2%, Previous: -1.4%) will be released later at 1400 (GMT+8).

The UK flash PMI data will be released later at 1630 (GMT+8).

  • Flash Manufacturing PMI (Forecast: 62.3, Previous: 63.9 revised from 64.2)
  • Flash Services PMI (Forecast: 62.1, Previous: 62.4 revised from 61.7)

Currently, GBP/JPY is moving up towards the key level of 152. Its next support zone is at 151.000 and the next resistance zone is at 153.800.
Look for short-term buying opportunities of GBP/JPY if it breaks above the key level of 152.

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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