2020-08-28 17:04
Market analysisGBP/JPY Outlook (28 August 2020)
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Market analysis：
Overall, GBP/JPY is trending upwards.
Japanese Prime Minister Shinzo Abe will be holding a press conference today from 1600 (SGT). The Prime Minister is expected to announce new measures against COVID-19. He is also expected to address concerns about his health.
Bank of England Governor Andrew Bailey will be speaking at the Jackson Hole Symposium later at 2105 (SGT). During this time, volatility is expected.
UK banks will be closed next Monday in observance of Summer Bank Holiday. Expect lower trading volume and volatility.
Currently, GBP/JPY is moving towards the resistance zone of 141.400 and its next support zone is at 139.000.
Look for short-term buying opportunities of GBP/JPY if it breaks the resistance zone of 141.400.
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GBP/JPY Outlook (28 August 2020)
Singapore | 2020-08-28 17:04Overall, GBP/JPY is trending upwards.
Japanese Prime Minister Shinzo Abe will be holding a press conference today from 1600 (SGT). The Prime Minister is expected to announce new measures against COVID-19. He is also expected to address concerns about his health.
Bank of England Governor Andrew Bailey will be speaking at the Jackson Hole Symposium later at 2105 (SGT). During this time, volatility is expected.
UK banks will be closed next Monday in observance of Summer Bank Holiday. Expect lower trading volume and volatility.
Currently, GBP/JPY is moving towards the resistance zone of 141.400 and its next support zone is at 139.000.
Look for short-term buying opportunities of GBP/JPY if it breaks the resistance zone of 141.400.
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