GBPJPY Weekly FOREX Forecast 23-May-2016

GBPJPY Weekly FOREX Forecast 23-May-2016

GBPJPY Weekly FOREX Forecast 23-May-2016

GBPJPY Weekly Forecast

Closing Price of last week

Estimated Range

Direction

159.82

157.04-162.83

Neutral

Weekly Outlook of GBPJPY

When EU residual support was big and led you in the public opinion poll about the referendum that a British evening paper carried out, I received a thing, and it was big, and pound rose for a major currency last week. Pound / Japanese yen rose from 155.69 of the beginning of the week to 161.63, but it was with heavy movement of pound / Japanese yen haze and the higher level of price because rise in interest rates expectation of the United States increased because a feeling of rise cup appeared against dollar on heavy movement of the higher level of price and a thing and the weekend when it was.The movement that a bottom is firm is expected this week. It is under one month until a referendum to ask the EU remaining, secession of the U.K., and the result of the public opinion poll attracts attention sequentially. But a result varies according to a research company and an investigation method, and there is the slightly skeptical aspect. But I want to pay attention to the findings of the companies of this week because the reaction to result is becoming big. In addition, British GDP, the announcement of the individual consumption are planned in 5/26, too and want to pay attention to this result.
Source: SBI Securities

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