Overall, GBP/JPY is trending upwards. Recently, GBP/JPY trended higher, breaking above the key level of 138 and bounced off from the resistance zone of 139.000.
The Japanese Preliminary GDP q/q data (Actual: -0.6%, Forecast: NA, Previous: -0.6% revised from -0.9%) released earlier today indicated negative economic growth in Japan during the second quarter of 2020.
U.K. Prime Minister Boris Johnson announced last Friday that the initial scheduled relaxation of COVID-19 restrictions in England will be delayed for at least two weeks due to an increase in the rate of transmissions of the virus.
The U.K. Final Manufacturing PMI data (Forecast: 53.6, Previous: 53.6) will be released later at 1630 (SGT).
Currently, GBP/JPY is testing the resistance zone of 139.000 and the next support zone is at 136.200.
Look for buying opportunities of GBP/JPY if it breaks the resistance zone of 139.000.
The Japanese Preliminary GDP q/q data (Actual: -0.6%, Forecast: NA, Previous: -0.6% revised from -0.9%) released earlier today indicated negative economic growth in Japan during the second quarter of 2020.
U.K. Prime Minister Boris Johnson announced last Friday that the initial scheduled relaxation of COVID-19 restrictions in England will be delayed for at least two weeks due to an increase in the rate of transmissions of the virus.
The U.K. Final Manufacturing PMI data (Forecast: 53.6, Previous: 53.6) will be released later at 1630 (SGT).
Currently, GBP/JPY is testing the resistance zone of 139.000 and the next support zone is at 136.200.
Look for buying opportunities of GBP/JPY if it breaks the resistance zone of 139.000.