Here is the key factor to keep in mind today for British Pound trades:
- UK CPI: The UK CPI for December is predicted to increase by 0.4% monthly and by 3.0% annualized. Forex traders can compare this to the UK CPI for November which increased by 0.3% monthly and by 3.1% annualized. The Core CPI for December is predicted to increase by 2.6% annualized. Forex traders can compare this to Core CPI for November which increased by 2.7% annualized.
- UK PPI: The UK PPI Input for December is predicted to increase by 0.4% monthly and by 5.3% annualized. Forex traders can compare this to the UK PPI Input for November which increased by 1.8% monthly and by 7.3% annualized. The UK PPI Output for December is predicted to increase by 0.2% monthly and by 2.9% annualized. Forex traders can compare this to the UK PPI Output for November which increased by 0.3% monthly and by 3.0% annualized. The UK PPI Core Output for December is predicted to increase by 0.2% monthly and by 2.3% annualized. Forex traders can compare this to the UK PPI Core Output for November which increased by 0.2% monthly and by 2.2% annualized.
- UK RPI: The UK RPI for December is predicted to increase by 0.6% monthly and by 3.9% annualized. Forex traders can compare this to the UK RPI for November which increased by 0.2% monthly and by 3.9% annualized. The UK RPI Excluding Mortgage Interest Payments for December is predicted to increase by 3.9% annualized. Forex traders can compare this to the UK RPI Excluding Mortgage Interest Payments for November which increased by 4.0% annualized.
- UK House Price Index: The UK House Price Index for November is predicted to increase by 4.2% annualized. Forex traders can compare this to the UK House Price Index for October which increased by 4.5% annualized.
Here are the key factors to keep in mind today for Japanese Yen trades:
- Japanese Domestic Corporate Goods Price Index: The Japanese Domestic Corporate Goods Price Index for December increased by 0.2% monthly and by 3.1% annualized. Economists predicted an increase of 0.4% monthly and of 3.2% annualized. Forex traders can compare this to the Japanese Domestic Corporate Goods Price Index for November which increased by 0.5% monthly and by 3.6% annualized.
- Japanese Tertiary Industry Index: The Japanese Tertiary Industry Index for November increased by 1.1% monthly. Economists predicted an increase of 0.3% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for October which increased by 0.2% monthly.
- Japanese Bankruptcies: Japanese Bankruptcies for December decreased by 1.97% annualized. Forex traders can compare this to Japanese Bankruptcies for November which decreased by 2.30% annualized.
Should price action for the GBPJPY remain inside the or breakdown below the 152.000 to 153.000 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 152.600
- Take Profit Zone: 147.000 – 147.600
- Stop Loss Level: 153.650
Should price action for the GBPJPY breakout above 153.000 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 153.600
- Take Profit Zone: 156.000 – 156.700
- Stop Loss Level: 152.600
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
