Instrument: GBPJPY
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 175.611 with take profit at 175.752.
Bearish Preference:
A sell position is envisaged if the price trades below 175.366 with take profit at 175.211.
Fundamentals:
None with High Impact
Comment:
Japan’s wholesale inflation slowed for a fifth consecutive month in May because of sliding fuel and commodity prices, data showed on Monday, a sign cost-push pressure that has driven up consumer inflation may be subsiding.
Analysis: SCRUM Team