GBP/JPY Outlook (05 January 2022)

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Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke the resistance zone of 156.000.

The UK Final Manufacturing PMI data (Actual: 57.9, Forecast: 57.6, Previous: 57.6) released yesterday indicated a slight upwards revision to the expansion of the manufacturing sector in December.

GBP/JPY’s next support zone is at 156.000 and the next resistance zone is at 158.000.
Look for buying opportunities of GBP/JPY.

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