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GBP/JPY Outlook (07 October 2021)

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GBP/JPY Outlook (07 October 2021)

ByJin Dao Tai

 OCT 7, 2021

GBP/JPY Outlook (07 October 2021)

Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced down from the key level of 152.

The UK Construction PMI data (Actual: 52.6Forecast: 53.9Previous: 55.2) released yesterday indicated a slowdown in the expansion of the construction sector in September.

Currently, GBP/JPY is bouncing off the support zone is at 151.000 and the next resistance zone is at 153.800.

Look for short-term buying opportunities of GBP/JPY.


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