GBP/JPY To Rise After GDP Result For GBP

25 окт. 2017 г.

Today was the day for the UK to show how well the economy is performing by its GDP result. Through fundamental analysis its previous result, the forecast for this quarter is GDP was 1.4%. Although it surpassed its forecast with an actual GDP of 1.5%. This resulted into a massive 108 pip increase within its first hour of result. Also, it has tested/broken the major resistance @ 151.00, but this breach is yet to be confirmed. Prior to the GDP result, the pair GBP/JPY was already on an uptrend through parralelchannel analysis