GBP/JPY Outlook (04 August 2020)

Overall, GBP/JPY is trending upwards. Recently, GBP/JPY bounced up from the key level of 138.

The U.K. Final Manufacturing PMI data (Actual: 53.3, Forecast: 53.6, Previous: 53.6) released yesterday indicated a slight downward revision in the growth of the manufacturing sector in July.

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.