2020-08-31 18:15
Market analysisGBP/JPY Outlook (31 August 2020)
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Market analysis：
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY rejected the resistance zone of 141.200.
Last Friday, Japanese Prime Minister Shinzo Abe announced his resignation as Prime Minister due to his chronic illness. The voting of his successor may be held on 15 September.
UK banks will be closed today in observance of Summer Bank Holiday. Expect lower trading volume and volatility.
Currently, GBP/JPY is moving towards the resistance zone of 141.200 and its next support zone is at 138.200.
Look for buying opportunities of GBP/JPY if it breaks the resistance zone of 141.200.
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GBP/JPY Outlook (31 August 2020)
Singapore | 2020-08-31 18:15Overall, GBP/JPY is trending upwards. Recently, GBP/JPY rejected the resistance zone of 141.200.
Last Friday, Japanese Prime Minister Shinzo Abe announced his resignation as Prime Minister due to his chronic illness. The voting of his successor may be held on 15 September.
UK banks will be closed today in observance of Summer Bank Holiday. Expect lower trading volume and volatility.
Currently, GBP/JPY is moving towards the resistance zone of 141.200 and its next support zone is at 138.200.
Look for buying opportunities of GBP/JPY if it breaks the resistance zone of 141.200.
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