The GBP/JPY is near the overbought level, according to the daily chart. The price is above EMA 20, EMA 50, and EMA 100, and the stochastic oscillator indicates a medium-term overbought. The sell signal might be below 140.87, where is EMA 100 on the daily chart. The price is stuck into a range between 144.00 and 140.00, on the weekly chart. The price stays above EMA 20, EMA 50, and EMA 100, and the stochastic oscillator is still in the neutral zone.
The most important data from this week:
UK Unemployment Change 3M (+170k expectation); (+280k previous)
Rate (3.8% expectation); (3.8% previous)
UK CPI YoY (1.6% expectation); (1.3% previous)
Japan CPI YoY (0.7% expectation); (0.8% previous)
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