ByJin Dao Tai
AUG 12, 2021

Overall, GBP/JPY is ranging across. Recently, GBP/JPY broke above the key level of 153.
The UK Preliminary GDP q/q (Forecast: 4.8%, Previous: -1.6% revised from -1.5%) will be released later at 1400 (GMT+8).
Currently, GBP/JPY is testing to break below the key level of 153. Its next support zone is at 151.000 and the next resistance zone is at 153.800.
Look for short-term buying opportunities of GBP/JPY if it fails to break below the key level of 153.
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