Tickmill’s Investing Diva, GBPJPY Daily Outlook 21-04-20
<p>GBPJPY Daily Outlook – U.S. oil futures plunged below zero for the first time on Monday as concerns that U.S. crude storage will soon be full. Also on Monday, China cut its benchmark lending rate as expected, we found out that Canadian home prices climbed in March, China’s fiscal revenue tumbled 26.1% in March, and the Eurozone’s trade surplus with the rest of the world grew in February.</p>
<p>Meanwhile, Bank of England said that Britain’s economy might be slow to recover once the government relaxes its coronavirus lockdown.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
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<p>On Tuesday we’ll be looking at the euro-zone and German ZEW surveys.</p>
<p>Today I’m looking at the GBP/JPY pair as it has just broken below the Ichimoku cloud on the 4-hour chart with the future cloud turning bearish.</p>
<p>After consolidating below the 135 resistance level for a couple of weeks this could be a sign that the bears are finally regaining the power to shift the trend. With this, we could expect the pair to drop to as low as 131 in the coming weeks.</p>
<p>Do you think this is a false bearish signal? Head over to the Comments section and let me know.</p>
<p><strong>Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</strong></p>
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