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FxWirePro: GBPJPY Daily Outlook

GBPJPY was trading extremely weak for past 2weeks on ongoing trade tension between US and China. US President bid to blacklist Huawei has further intensified . The uncertainty in Brexit is putting pressure on GBP. The cross party talks between the Tories and Labor to end today without a deal. GBP was trading weak especially against USD and lost more than 250 pips this week.It hits low of 1.27758 lowest level since Feb 2019. GBPJPY hits low of 140.04 and is currently trading around 140.04.

 

On the lower side, major support is around 140 and any violation below will drag the pair to next level till 139.50/138.60.

 

The near term resistance is around 141.10 and any violation above will take the pair to next level till 141.65/142.30.Minor bullishness only above 142.30.

 

It is good to sell on rallies around 141.45-50 with SL around 142.30 for the TP of 138.65.

 

 

 

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June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

June 18 23:50 UTC Released

JPImports YY

Actual

-1.5 %

Forecast

0.2 %

Previous

6.4 %

January 31 00:00 UTC 725824725824m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725824725824m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737644737644m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725824725824m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737644737644m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725824725824m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725824725824m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725824725824m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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