Description
⋅ Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke above the key level of 150.
The UK GDP m/m data (Actual: 0.1%, Forecast: 0.4%, Previous: 0.6%) released last Friday indicated a slowdown in economic growth in October.
GBP/JPY’s next support zone is at 148.900 and the next resistance zone is at 151.000.
Look for short-term buying opportunities of GBP/JPY.