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

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