The sources said that the fourth attempt will be the last one. Late-Tuesday, it was reported that the UK PM May will bring forward Brexit withdrawal bill in the week of June 3 rd . USD/JPY pair has created a contracting triangle on the hourly chart. A move above 109.68 would confirm triangle breakout or resumption of the corrective bounce from the recent low of 109.02 and allow a test of supply around the psychological resistance of 110.00.
The figure are projected to decline sharply in April to 0.2% from the March reading of 1.6%. Sales excluding automobiles are expected to rise 0.7% following March’s gain of 1.2%. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management.
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