U.K Service PMI due in 15 Mins – How to trade GBP/JPY

Fellas, our earlier forex trading signal on GBP/JPY is closed and now I'm going to wait for serviced PMI data which is due in 15 mins....

Written by: Arslan Butt • Wednesday, September 5, 2018 • 1 min read

• Last updated: Wednesday, September 5, 2018

Fellas, our earlier forex trading signal on GBP/JPY is closed and now I’m going to wait for serviced PMI data which is due in 15 mins. Check our FX Leaders economic calendar for live coverage of this event.

Anyways, here’s a quick trade plan. I’m keeping an eye on 142.650 as the violation of this support level can cause further sell-off in the GBP/JPY until 142.450 and 142.100. Whereas, the positive services PMI can cause a bullish trend in the GBP/JPY.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.