2020-07-17 17:43
Market analysisGBP/JPY Outlook (17 July 2020)
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Market analysis：
Overall, GBP/JPY is ranging across. Recently, GBP/JPY failed to break above the key level of 135.
The UK employment data released yesterday indicated that the number of people claiming for unemployment benefits has declined in June for the first time in four months. Unemployment rate remains the same for the month of May from April while average earnings fell mainly due to furloughing.
- Claimant Count Change (Actual: -28.1K, Forecast: 250.0K, Previous: 566.4K revised from 528.9K)
- Average Earnings Index 3m/y (Actual: -0.3%, Forecast: -0.4%, Previous: 1.0%)
- Unemployment Rate (Actual: 3.9%, Forecast: 4.2%, Previous: 3.9%)
The Bank of Japan will be releasing the minutes for the monetary policy meeting next Monday at 0750 (SGT).
G20 meetings will be carried out over the weekend.
GBP/JPY’s next support zone is at 133.780 and the next resistance zone is at 135.900.
Look for selling opportunities of GBP/JPY.
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GBP/JPY Outlook (17 July 2020)
Singapore | 2020-07-17 17:43Overall, GBP/JPY is ranging across. Recently, GBP/JPY failed to break above the key level of 135.
The UK employment data released yesterday indicated that the number of people claiming for unemployment benefits has declined in June for the first time in four months. Unemployment rate remains the same for the month of May from April while average earnings fell mainly due to furloughing.
- Claimant Count Change (Actual: -28.1K, Forecast: 250.0K, Previous: 566.4K revised from 528.9K)
- Average Earnings Index 3m/y (Actual: -0.3%, Forecast: -0.4%, Previous: 1.0%)
- Unemployment Rate (Actual: 3.9%, Forecast: 4.2%, Previous: 3.9%)
The Bank of Japan will be releasing the minutes for the monetary policy meeting next Monday at 0750 (SGT).
G20 meetings will be carried out over the weekend.
GBP/JPY’s next support zone is at 133.780 and the next resistance zone is at 135.900.
Look for selling opportunities of GBP/JPY.
Forex
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