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: the Bulls entered inside Cloud
2019-11-11 • Updated
Technical levels: support – 112.50; resistance – 113.50.
- Buy — 112.70/80; SL — 112.50; TP1 — 113.50; TP2 — 114.00.
Reason: narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is inside a Cloud again after the yesterday’s bullrun.
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