FXStreet – The GBP/JPY is extending its recovery from 1-month low, and so he can after the UK PMI manufacturing on 143,00 rise.
The data show a continuous Expansion of the British manufacturing sector, albeit at a slower pace. The Markit UK PMI manufacturing is in may to 56.7, according to 57,3 in April, but that is better than the expected level of 56.5.
Add to that the General risk appetite, the added to the safe haven of the Japanese Yen, the movement of the pair to the new week, supported high of 143,20.
It is the upward movement lacks momentum, what is the political uncertainty before the UK election on may 8. June is attributable to.
Resistances lie at 143,55/60, 144,00 and 144,25-30. On the other hand, support for 142,80, 142,30 and 142,00 are
** FXStreet News Editorial, FXStreet**