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.
Become an Invest Diva Insider: Join our Investing Group.
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.