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GBP/JPY Price Forecast: Pound extends its reversal below 202.00
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GBP/JPY Price Forecast: Pound extends its reversal below 202.00
Pound’s reversal against the Yen extended to fresh one-week lows at 201.34, hammered by a downbeat UK employment report and the risk-averse sentiment stemming from a new chapter of the Sino-US trade feud.Data from the UK released earlier on Tuesday revealed an unexpected increase in the jobless rate
Pound extends its reversal below 202.00
Pound’s reversal against the Yen extended to fresh one-week lows at 201.34, hammered by a downbeat UK employment report and the risk-averse sentiment stemming from a new chapter of the Sino-US trade feud. Data from the UK released earlier on Tuesday revealed an unexpected increase in the jobless rate to 4.8% for the three months up to August, up from 4.7% in July, while net employment increased by 91K, down from 232K in July. Technical analysis:…
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