Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke above the key level of 153.
The UK GDP m/m data released last Friday indicated a strong rebound in UK’s economic growth in January.
GBP/JPY’s 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.
