GBPJPY is trending to the downside prior to the JPY Leading Economic Index data which is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. Technically the pair has pulled back into the moving averages, which are in a bearish cross. The RSI has also generated a sell signal, and we anticipate continued downside into the 149.30 level.
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