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 supported by Kijun-sen
2019-11-11 • Updated
Technical levels: support – 111.25, 111.60; resistance – 112.00
- Buy — 112.00; SL — 111.80; TP1 — 112.60; TP2 — 112.80.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices supported by Kijun-sen and uptrend may contnue.
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