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ToniSignals
Jan 7, 2021 2:44 AM

GBP/JPY Signal - GBP Markit Construction PMI - 7 Jan 2021 Long

British Pound/Japanese YenFXCM

Description

GBPJPY is trending to the upside this week prior to the GBP Markit Construction PMI, and we anticipate continued upside into this event. The data shows business conditions in the UK construction sector. Technically the pair is at the 50 moving average and above the 139.94 support level and we anticipate upside into the 141.210 level.

Trade closed: target reached

Trade closed: target reached

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