Heads up: UK's GDP is coming out in 15 mins! - Forex News by FX Leaders

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

Posted Monday, September 10, 2018 by
Arslan Butt • 1 min read

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.

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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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