Overall, GBP/JPY is trending upwards.
The UK Construction PMI data (Actual: 54.3, Forecast: 53.9, Previous: 55.5) released last Friday indicated a slight slowdown in the pace of expansion of the construction sector in December.
Currently, GBP/JPY is testing to break above the key level of 157. Its next support zone is at 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY if it bounces down from the key level of 157.
The UK Construction PMI data (Actual: 54.3, Forecast: 53.9, Previous: 55.5) released last Friday indicated a slight slowdown in the pace of expansion of the construction sector in December.
Currently, GBP/JPY is testing to break above the key level of 157. Its next support zone is at 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY if it bounces down from the key level of 157.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.