GBPJPY Daily Outlook On Tuesday announced China new tariff exemptions for some U.S. imports, the Federal reserve said that it will launch its long-awaited corporate-bond program, while the U. s. consumer prices in April to fall by the most since the Great recession. The UK will continue to be in the payment of wages to an out-of-work employees until the end of October, and one of the most important economic indicator for Japan fell at the fastest pace since 2011 in March, and the government has warned of a deep recession, such as the corona virus crisis take a heavy toll on the activities of the company, and the expenditure of the consumer.
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On Wednesday, we will us GDP in the UK, and in Australia, the unemployment rate is.
Today I am looking at GBP/JPY pair broke below the daily Ichimoku cloud last week, it has its correction phase, and could continue to be under pressure after the UK GDP report on Wednesday.
A medium-term strategy could be short.closing the pair to around 132 and profit on 38% and the 50% Fibonacci retracement levels of 131 and 130, respectively,
Do you think the GBP/USD pair was limited for a further drop? You go to the comments and let me know.
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