Heads up: UK’s GDP is coming out in 15 mins!

GBP/JPY has an immediate resistance at 144.200 along with a support 143.150. On the lower side, the violation of 143.150 can lead to 142.650


The GBP/JPY moved against us ahead of the UK’s GDP and Manufacturing Production figures. Unfortunately, the forex trading signal on GBP/JPY closed at stop loss. Check out FX Leaders Sep 10 – Economic Event’s Brief for more details on it.

Anyway, the reason behind a sudden spike in the GBP is still unknown to me. Looks like the noise traders disturbing the market ahead of the major news.

The GBP/JPY has an immediate resistance at 144.200 along with a support 143.150. On the lower side, the violation of 143.150 can lead to 142.650.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
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.

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