Overall, GBP/JPY is trending downwards. Recently, GBP/JPY bounced off the support zone of 148.900 and broke above the key level of 150.
The UK Construction PMI data (Actual: 55.5, Forecast: 54.9, Previous: 54.6) released yesterday indicated a faster pace of expansion in the construction sector in November.
GBP/JPY’s next support zone is at 148.900 and the next resistance zone is at 151.000. Look for short-term selling opportunities of GBP/JPY.