German ZEW and UK employment amongst market movers today – Danske Bank
According to analysts at Danske Bank, in Germany, focus is on the ZEW reading for April today, ahead of the important PMIs on Thursday
“In the UK, the jobs report for February is due out, which will likely point to solid employment growth, after GDP growth surprised on the upside last week.”
“In the US, markets will keep an eye on the industrial production figures for March ahead of the first estimate of Q1 GDP growth to be released next week.”
Long position above 1.1280 with target 1.1345 & 1.1390 in extension
Below 1.1280 with target 1.1240 $1.1180.
Short position below 147.20 with targets 145.60 & 144.80
Above 147.20 target 148.10 &148.90
GBP/JPY trades near 146.50 during early Tuesday. The pair has been clubbed in a small range between 146.30 and 147.00 since Friday.
Should the pair slip beneath 146.30 support, 146.00 and 145.60 are likely following supports to gain market attention, a break of which could open the doors for additional south-run to 144.80 and 144.00 and 143.00 consecutive rest-points