Overall, GBP/JPY is ranging across. Recently, GBP/JPY weakened and broke below the key level of 152.

Bank of England Governor Bailey will be speaking later at the ECB Forum on Central Banking at 2345 (GMT+8). During this time, there may be volatility in GBP.
Also, Bank of Japan Governor Kuroda will be speaking later at the ECB Forum on Central Banking at 2345 (GMT+8). During this time, there may be volatility in JPY.

The Japanese Retail Sales y/y data (Forecast: -0.9%, Previous: 2.4%) will be released tomorrow at 0750 (GMT+8).

Currently, GBP/JPY is testing the support zone of 151.000 and the next resistance zone is at 153.800.
Look for short-term 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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