GBP JPY pair confirmed above the Ichimoku cloud:
The GBP/JPY pair confirmed above the Ichimoku cloud on Tuesday thanks to the better-than-expected reading for August CPI.
USD/JPY opened today’s Asian session on a strong bullish sentiment, approaching the resistance level of 110.60.
On the economic calendar today we have the UK’s jobs report at 8:30 AM GMT, followed by Euro-Zone Industrial Production (MoM) (JUL) at 9 AM. U.S. Crude Oil Inventories will be up next during the New York session at 2:30 PM GMT followed by their Monthly Budget Statement (AUG) at 6 PM. More volatility is expected in the GBP crosses this week so don’t forget to manage your risk properly.
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