GBP/JPY Outlook (07 June 2021)
ByJin Dao Tai
JUN 7, 2021
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY trended into the support zone of 155.000.
The UK Construction PMI data (Actual: 64.2, Forecast: 61.9, Previous: 61.6) released last Friday indicated continued expansion of the construction sector in May at the fastest pace since data collection started in April 1997.
Currently, GBP/JPY is testing the support zone of 155.000 and the next resistance zone is at 157.000.
Look for buying opportunities of GBP/JPY if it bounces off the support zone of 155.000.
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