The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
USD/JPY: dollar needs Cloud’s support
2019-11-11 • Updated
Technical levels: support – 109.20; resistance – 110.30.
- Sell — 110.00; SL — 110.30; TP1 — 109.50; TP2 — 109.20.
Reason: bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the market returned to Cloud and may exit to negative area.
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