JinDao_Tai

GBP/JPY Outlook (04 December 2020)

FX:GBPJPY   British Pound / Japanese Yen
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY rejected the resistance zone of 140.000.

The UK Construction PMI data (Forecast: 52.3, Previous: 53.1) will be released later at 1730 (SGT).

Currently, GBP/JPY is moving towards the resistance zone of 140.000 and the next support zone is at 137.500.
Look for short-term buying opportunities of GBP/JPY if breaks the resistance zone of 140.000.

Free trading community: discord.gg/kPDXU2ZaDt
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.