U.K Service PMI due in 15 Mins – How to trade GBP/JPY - Forex News by FX Leaders

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

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

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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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