ByJin Dao Tai
AUG 13, 2021

Overall, GBP/JPY is ranging across. Recently, GBP/JPY broke below the key level of 153.
The UK Preliminary GDP q/q (Actual: 4.8%, Forecast: 4.8%, Previous: -1.6% revised from -1.5%) released yesterday indicated a rebound in the UK economy during the second quarter from the first quarter’s negative growth.
GBP/JPY’s next support zone is at 151.000 and the next resistance zone is at 153.800.
Look for short-term selling opportunities of GBP/JPY.
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