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Forex: GBP/JPY storms to mid 141.00 after UK data

Although playing stronger today, the Japanese Yen is no match against a British Pound that is reacting higher to better than expected UK Services PMI in February. The publication revealed a final reading of 51.8, higher than the expected 51.0 and the previous reading of 51.5.

The GBP/JPY stormed the chart from below 141.00 up to 141.42 high, erasing all daily losses and now edging higher by +0.07% on the day.

Mataf.net analysts point to resistances at 141.40, 142.30 and 142.80. On the downside, supports might be found at 140.50, 140.20 and 139.10.

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