Here is the key factor to keep in mind today for British Pound trades:
UK Rightmove House Prices: UK Rightmove House Prices for October decreased by 0.2% monthly and increased by 0.6% annualized. Forex traders can compare this to UK Rightmove House Prices for September which decreased by 0.2% monthly and which increased by 0.2% annualized.
Here are the key factors to keep in mind today for Japanese Yen trades:
Japanese Trade Balance: The Japanese Trade Balance for September was reported at -¥123.0B. Economists predicted a figure of ¥54.0B. Forex traders can compare this to the Japanese Trade Balance for August which was reported at -¥143.5B. The Japanese Adjusted Trade Balance for September was reported at -¥97.2B. Economists predicted a figure of -¥178.1B. Forex traders can compare this to the Japanese Adjusted Trade Balance for August which was reported at -¥116.7B. Exports for September decreased by 5.2% annualized and Imports decreased by 1.5% annualized. Economists predicted a decrease of 3.6% and of 2.8%. Forex traders can compare this to Exports for August which decreased by 8.2% annualized and to Imports which decreased by 11.9% annualized.
Japanese All Industry Activity Index: The Japanese All Industry Activity Index for August was reported flat at 0.0% monthly. Economists predicted an increase of 0.1% monthly. Forex traders can compare this to the Japanese All Industry Activity Index for July which increased by 0.2% monthly.
Should price action for the GBPJPY remain inside the or breakdown below the 139.350 to 140.750 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 139.850
Take Profit Zone: 135.750 – 136.450
Stop Loss Level: 141.000
Should price action for the GBPJPY breakout above 140.750 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 141.000
Take Profit Zone: 142.850 – 143.200
Stop Loss Level: 139.850
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Did you know that you can earn more pips per trade simply by switching to PaxForex? Sign-up now and boost your profits!
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We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
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UK Rightmove House Prices: UK Rightmove House Prices for October decreased by 0.2% monthly and increased by 0.6% annualized. Forex traders can compare this to UK Rightmove House Prices for September which decreased by 0.2% monthly and which increased by 0.2% annualized.
Here are the key factors to keep in mind today for Japanese Yen trades:
Japanese Trade Balance: The Japanese Trade Balance for September was reported at -¥123.0B. Economists predicted a figure of ¥54.0B. Forex traders can compare this to the Japanese Trade Balance for August which was reported at -¥143.5B. The Japanese Adjusted Trade Balance for September was reported at -¥97.2B. Economists predicted a figure of -¥178.1B. Forex traders can compare this to the Japanese Adjusted Trade Balance for August which was reported at -¥116.7B. Exports for September decreased by 5.2% annualized and Imports decreased by 1.5% annualized. Economists predicted a decrease of 3.6% and of 2.8%. Forex traders can compare this to Exports for August which decreased by 8.2% annualized and to Imports which decreased by 11.9% annualized.
Japanese All Industry Activity Index: The Japanese All Industry Activity Index for August was reported flat at 0.0% monthly. Economists predicted an increase of 0.1% monthly. Forex traders can compare this to the Japanese All Industry Activity Index for July which increased by 0.2% monthly.
Should price action for the GBPJPY remain inside the or breakdown below the 139.350 to 140.750 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 139.850
Take Profit Zone: 135.750 – 136.450
Stop Loss Level: 141.000
Should price action for the GBPJPY breakout above 140.750 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 141.000
Take Profit Zone: 142.850 – 143.200
Stop Loss Level: 139.850
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Did you know that you can earn more pips per trade simply by switching to PaxForex? Sign-up now and boost your profits!
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
The Reliability on all Assets in the Market
Trusted Worldwide for over a Decade
Live Multi-Lingual Online Support 24/5