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

The UK flash PMI data released yesterday indicated a slight slowdown in business activities in both the manufacturing and services sectors.

  • Flash Manufacturing PMI (Actual: 56.9, Forecast: TBA, Previous: 57.9 revised from 57.6)
  • Flash Services PMI (Actual: 53.3, Forecast: TBA, Previous: 53.1 revised from 53.2)

Currently, GBP/JPY is testing the resistance zone of 153.800 and thenext support zone is at 151.000.
Look for short-term selling opportunities of GBP/JPY if it bounces off the resistance zone of 153.800.


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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