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Instrument: GBPJPY
Bullish Preference:
Buy position is envisaged if price trades above 182.366 with take profit at 182.593.
Bearish Preference:
Sell position is envisaged if price trades below 181.450 with take profit at 181.216.
Fundamentals:
No High Impact
Comment:
Japanese Labor Cash Earnings missed expectations in the early Friday trading session, holding flat at the previous printing of 1.1% and flubbing market expectations of a rise to 1.5%, and Guppy traders will be looking ahead to Monday’s UK BRC Like-For-Like Retail Sales on Monday, which last showed similar retail sales rising 4.3% for the annualized period into August.
Analysis: SCRUM Team
