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GBPJPY trading at support

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBPJPY, 240 min Sterling has been underperforming today, guided lower by a big miss in the UK RBC retail sales figure, which unexpectedly fell 0.4% y/y in the headline like-for-like measures. However, now the UK October production came in above forecasts in rising 0.1% m/m and 1.7% y/y. That’s above our survey’s median forecasts for 0.0% m/m and 1.2% y/y growth. September data were also revised higher, to 0.0% m/m from -0.2% and to 1.5% y/y from 1.1%. The narrower manufacturing output measure

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