GBP/JPY Outlook (04 December 2020)
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY rejected the resistance zone of 140.000.
The UK Construction PMI data (Forecast: 52.3, Previous: 53.1) will be released later at 1730 (SGT).
Currently, GBP/JPY is moving towards the resistance zone of 140.000 and the next support zone is at 137.500.
Look for short-term buying opportunities of GBP/JPY if breaks the resistance zone of 140.000.
The UK Construction PMI data (Forecast: 52.3, Previous: 53.1) will be released later at 1730 (SGT).
Currently, GBP/JPY is moving towards the resistance zone of 140.000 and the next support zone is at 137.500.
Look for short-term buying opportunities of GBP/JPY if breaks the resistance zone of 140.000.