2020-09-09 16:48
Market analysisGBP/JPY Outlook (09 September 2020)
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Market analysis：
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY plunged and broke the support zone of 140.000 and 138.100 after the intense Brexit trade talk led to the market speculating on the possibility of an interest rate cut by the Bank of England.
As of now, UK Prime Minister Boris Johnson is planning to override the Brexit Withdrawal Agreement and has emphasized that if a trade deal fails to be finalized by 15 October, the UK will just walk away without any deal.
GBP/JPY’s next support zone is at 136.200 and the next resistance zone is at 138.100.
Look for selling opportunities of GBP/JPY.
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GBP/JPY Outlook (09 September 2020)
Singapore | 2020-09-09 16:48Overall, GBP/JPY is trending downwards. Recently, GBP/JPY plunged and broke the support zone of 140.000 and 138.100 after the intense Brexit trade talk led to the market speculating on the possibility of an interest rate cut by the Bank of England.
As of now, UK Prime Minister Boris Johnson is planning to override the Brexit Withdrawal Agreement and has emphasized that if a trade deal fails to be finalized by 15 October, the UK will just walk away without any deal.
GBP/JPY’s next support zone is at 136.200 and the next resistance zone is at 138.100.
Look for selling opportunities of GBP/JPY.
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