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GBP/JPY Outlook (04 May 2021)

FX:GBPJPY   British Pound / Japanese Yen
Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 151.000.

Japanese banks will be closed today in observance of Greenery Day. Expect lower trading volatility and volume during the usual Japanese market hours.
Also, Japanese banks will be closed tomorrow in observance of Children’s Day.

GBP/JPY’s next support zone is at 151.000 and the next resistance zone is at 153.000.
Look for buying opportunities of GBP/JPY.

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