Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 151.000.

In the released minutes for the recent monetary policy meeting, the Bank of Japan highlighted that it will carry out more monetary policy easing if necessary.

Bank of England MPC member Mann will be speaking later at 2050 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/JPY is testing to break above the key level of 151. 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 151.

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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