ByJin Dao Tai
JUN 4, 2021
Overall, GBP/JPY is trending upwards.
The UK Final Services PMI data (Actual: 62.9, Forecast: 61.8, Previous: 61.8) released yesterday indicated a slight upward revision in the rate of expansion of the services sector in May.
The UK Construction PMI data (Forecast: 61.9, Previous: 61.6) will be released later at 1630 (GMT+8).
Currently, GBP/JPY is moving towards the support zone of 155.000 and the next resistance zone is at 157.000.
Look for short-term buying opportunities of GBP/JPY if it bounces off the support zone of 155.000.
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