GBP/JPY Outlook (10 May 2021)
ByJin Dao Tai
MAY 10, 2021
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke above the key level of 152.
The UK Construction PMI data (Actual: 61.6, Forecast: 62.0, Previous: 61.7) released last Friday indicated that the construction sector continues to expand in April at around the same pace as in March.
Currently, GBP/JPY is moving towards the resistance zone of 153.000 and the next support zone is at 151.000.
Look for buying opportunities of GBP/JPY if it breaks the key resistance zone of 153.000.
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