gpjpyTrading Outlook

GBPJPY DAILY SNAPSHOT;3rd of DECEMBER,2019

Reference to the context

Although the pair has had a pullback in yesterday’s trading, however, we have strong believed it is looking for new buyers. Ultimately it could go upward

Data to watch!!!

Thus the construction PMI data from the UK side could determine the direction for today’s trading.

Preference!

Firstly we will have a target for this pair for today is 142. therefore our target is: buy from 141.54 stop loss. 140.89 and tp 142.

Alternative outlook!

Lastly, if break out occurred e.g. 141.54 it could lead the pair towards 140 &139 levels.