|Day's Range||135.13 - 135.75|
|52 Week Range||126.6550 - 149.7070|
The British pound pulled back slightly during the trading session on Thursday, as the market had reached the crucial ¥135 level. With that in mind it makes sense that we will see a significant pullback from this area at the first hint of trouble.
The British pound has continued to hover around the ¥135 level ahead of the FOMC Meeting, interest rate decision, and of course the statement. With that being said though, there is a lot of noise just above that I am paying attention to.
The British pound did very little during the trading session on Tuesday, as we continue to hang about where we gapped down to on Monday. With that in mind, it is somewhat impressive but at the end of the day we are overbought.
The British pound rallied significantly during the week against the Japanese yen, reaching towards the ¥135 level. That of course should attract a lot of attention as it is an area of extreme order flow.
The GBP/JPY pair has rallied during the trading session on Friday to reach towards the crucial ¥135 level. This is an area that coincides with a lot of different moving pieces, so at this point the question is can we continue?
The British pound went back and forth during the trading session on Thursday, as we are starting to get a bit exhausted. However, you can also make a compelling argument for the fact that we have seen support as well. Ultimately, the trading this market is about being very patient.
The British pound has initially dropped during the trading session on Tuesday but then continue to rally a bit as we are still reeling from the mass confusion involving the Brexit. This being the case, it’s going to be difficult for traders to get a grasp on anything substantial.
The British pound initially fell during the trading session on Monday but then broke above the 50 day EMA, reaching towards the ¥132.50 level. This is an area that continues to be interesting for traders, as it has shown the lot of choppiness.
The British pound rallied significantly during the week after initially falling, as Parliament decided to vote in a “no deal Brexit” blockage measure. That being said though, this is probably more or less going to be a “dead cat bounce” overall.
After the nonsense going on in London, there seems to be a general “risk on” attitude when it comes to the British pound. With that being the case we are testing some major resistance barriers, and it now looks likely that the market could be in for a rude surprise at this rate.
The British pound rallied significantly during the trading session on Wednesday, reaching towards the ¥130 level as a bit of optimism enter the market after the parliament vote overnight. Quite frankly though, we still have plenty of uncertainty.
The British pound continues to fall hard against the Japanese yen as we have a lot of “risk off” trading out there, with the Brexit being the bigger mess than ever, and it’s likely that we will continue to see people question whether or not there is ever going to be any type of deal.
The British pound gapped lower to kick off the trading session on Monday, as the Americans and Chinese have thrown more tariffs at each other. Because of this, the “risk off” attitude of the market has prevailed and of course this pair has fallen.
The British pound rallied during the week but found quite a bit of resistance above at the ¥130 level, an area that has been trouble more than once. That being the case, it does look like we are going to roll over but I also recognize that we are oversold to say the least.
The British pound has fallen a bit during the trading session on Friday, but quite frankly it’s very likely that we are to get a move rather soon. At this point, the ¥130 level continues to attract a lot of attention.
UK PM Johnson is to prorogue (suspend) Parliament next week, only 9 weeks before Brexit is due. The Queen’s Speech will be on 14 October and will outline his “very exciting agenda”. It will also mean very little Parliamentary time for the opponents of a No-Deal Brexit to organize. The first salvo of a volatile new season.
The British pound fell against the Japanese yen again during the trading session on Wednesday as we continue to see a general “risk off” attitude. Beyond that, we are trading right around the ¥130 level.
The British pound initially fell during trading on Tuesday but then turned around to recover against the Japanese yen. The ¥130 level has offered quite a bit of resistance recently though, so it’ll be interesting to see whether or not we can break out.
The British pound has gone all over the place against the Japanese yen during early trading on Monday, as headlines continue to rock the economic conditions and probably more importantly in this case, the confidence in global growth.
The British pound continues to go back and forth against the Japanese yen which makes quite a bit of sense considering we have so much in the way of risk out there right now. Remember, this pair will fall if there is more of a “risk off” attitude out there, and therefore it’s going to struggle to rally.
The British pound rallied a bit during the trading session on Wednesday, but also pulled back. Now that we are looking at the ¥130 level, the question then becomes whether or not we can break above there. If we do, obviously that means a lot and if we don’t, that means confirmation.
The British pound has fallen a bit during the trading session on Tuesday as we continue to see a lot of weakness involving global risk appetite and of course the Brexit. All things being equal it’s likely that we will continue to see this pair fall.
The British pound went back and forth during the trading session to open the week on Monday, as we continue to see a lot of questions about the Brexit. Beyond that, we have a certain amount of concern when it comes to global economics.
The British pound rallied a bit during the week and reached towards the ¥130 level before rolling over slightly on Friday. Ultimately though, this is a market that is very negative and I think the sellers will continue to come back in.
The British pound rallied a bit against the Japanese yen during the trading session on Thursday, but at this point in time it’s probably more consolidation than anything else.