Overall, GBP/JPY is ranging across. Recently, GBP/JPY broke the resistance zone of 153.800.

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

  • Flash Manufacturing PMI (Forecast: 64.1, Previous: 65.6 revised from 66.1)
  • Flash Services PMI (Forecast: 62.9, Previous: 62.9 revised from 61.8)

GBP/JPY’s next support zone is at 153.800 and the next resistance zone is at 156.000.
Look for buying opportunities of GBP/JPY.

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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