2020-07-31 17:12
Market analysisGBP/JPY Outlook (31 July 2020)
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Forex
Market analysis：
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke the resistance of 136.200.
The Japanese Preliminary GDP q/q data (Forecast: NA, Previous: -0.6% revised -0.9%) will be released next Monday at 0750 (SGT).
Currently, GBP/JPY is testing to break above the key level of 137. Its next support zone is at 136.200 and the next resistance zone is at 139.000.
Look for buying opportunities of GBP/JPY if it breaks above the key level of 137.
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GBP/JPY Outlook (31 July 2020)
Singapore | 2020-07-31 17:12Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke the resistance of 136.200.
The Japanese Preliminary GDP q/q data (Forecast: NA, Previous: -0.6% revised -0.9%) will be released next Monday at 0750 (SGT).
Currently, GBP/JPY is testing to break above the key level of 137. Its next support zone is at 136.200 and the next resistance zone is at 139.000.
Look for buying opportunities of GBP/JPY if it breaks above the key level of 137.
Forex
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