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FOREX FORECAST - ANALYSISFOREX MARKET NEWSGBPUSD TECHNICAL ANALYSIS TODAY

ByJin Dao Tai

 APR 23, 2021

Overall, GBP/JPY is ranging across. Recently, GBP/JPY broke below the key level of 150.

The Japanese Flash Manufacturing PMI data (Actual: 53.3, Forecast: 53.1, Previous: 52.7 revised from 52.0) released earlier today indicated a slight increase in the pace of expansion of the manufacturing sector.

The UK Retail Sales m/m data (Forecast: 1.5%, Previous: 2.1%) will be released later at 1400 (SGT).

The UK flash PMI data will be released later at 1630 (SGT).

• Flash Manufacturing PMI (Forecast: 59.0, Previous: 58.9 revised from 57.9)
• Flash Services PMI (Forecast: 58.9, Previous: 56.3 revised from 56.8)

GBP/JPY’s next support zone is at 148.900 and the next resistance zone is at 151.000.

Look for selling opportunities of GBP/JPY.

Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!