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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
The WTI crude oil prices failed to stop its overnight losing streak and dropped further below mid-$39.00 level mainly after negative invention
6 hours ago

Leave a Reply

Notify of