Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke below the key level of 139.
During the post-Brexit trade negotiation over the weekend, European Union chief negotiator Michel Barnier proposed returning 15-18% of the caught fishes by European fleets in British waters to the UK in the future. However, the UK rejected that proposal.
OPEC meetings will be held today.
The Japanese Unemployment Rate data (Forecast: 3.1%, Previous: 3.0%) will be released tomorrow at 0730 ( SGT ).
GBP/JPY’s next support zone is at 137.500 and the next resistance zone is at 140.000.
Look for short-term selling opportunities of GBP/JPY .
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