Tickmill’s Investing Diva, GBPJPY Daily Outlook 27-04-20

<p>GBPJPY Daily Outlook – Last week the US economic data continued to disappoint, and the US approved more massive stimulus measures to keep the economy alive… so by the end of the week, the USD became the net winner among the major currency pairs. In other news, North Korea’s leader Kim Jong Un has disappeared and there are rumors going around that he is dead.</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>This week countries around the world, including the U.S., may continue taking tentative steps toward reopening from coronavirus lockdowns. We’ll also be looking forward to the all-important FOMC rate decision on Wednesday.</p>
<p>Today I’m looking at the GBP/JPY pair which broke below the Ichimoku cloud on the 4-hour chart last week and has been supported at the 23% Fibonacci retracement level of 132…</p>
<p>This could be turning into a saucer top bearish reversal chart pattern especially as the future cloud is also turning bearish. This week we may see drops towards 130 and 129 if the bears keep up with the pressure.</p>
<p>Do you think the GBP is bound for further losses? 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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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-gbpjpy-daily-outlook-27-04-20/">Tickmill’s Investing Diva, GBPJPY Daily Outlook 27-04-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>