2020-09-21 19:49
Market analysisGBP/JPY Outlook (21 September 2020)
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Market analysis：
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY bounced off the resistance zone of 136.200.
The UK Retail Sales m/m data (Actual: 0.8%, Forecast: 0.8%, Previous: 3.7% revised from 3.6%) released last Friday indicated a slowdown in consumer spending in August.
The Japanese banks will be closed today in observance of Respect-for-the-Aged Day. Lower trading volume and volatility is expected during the Japanese trading hours.
The Japanese banks will also be closed tomorrow in observance of Autumnal Equinox Day.
Currently, GBP/JPY is moving towards the key level of 135. Its next support zone is at 133.780 and the next resistance zone of 136.200.
Look for selling opportunities of GBP/JPY.
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GBP/JPY Outlook (21 September 2020)
Singapore | 2020-09-21 19:49Overall, GBP/JPY is trending downwards. Recently, GBP/JPY bounced off the resistance zone of 136.200.
The UK Retail Sales m/m data (Actual: 0.8%, Forecast: 0.8%, Previous: 3.7% revised from 3.6%) released last Friday indicated a slowdown in consumer spending in August.
The Japanese banks will be closed today in observance of Respect-for-the-Aged Day. Lower trading volume and volatility is expected during the Japanese trading hours.
The Japanese banks will also be closed tomorrow in observance of Autumnal Equinox Day.
Currently, GBP/JPY is moving towards the key level of 135. Its next support zone is at 133.780 and the next resistance zone of 136.200.
Look for selling opportunities of GBP/JPY.
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