The British pound has reacted to the upside after it became known that Ursula von der Leyen, President of the European Commission, and Charles Michel, President of the European Council, have signed a new Trade and Cooperation Agreement with the United Kingdom on Wednesday on behalf of the European Union. The agreement, sealed in Brussels […]
Tag: GBPJPY
New yearly highs around 140.90 / 95 amid Brexit optimism
GBP / JPY gained strong positive traction for the second session in a row on Thursday. The sustained move beyond the 140.40 / 50 supply zone has laid the foundation for further gains. Only a sustained break below the 140.00 mark will negate the short-term bullish outlook. The crossing GBP/JPY It built on the strong […]
Drops to one-month lows, levels below 137.00
GBP / JPY remained under intense selling pressure for the second consecutive session on Friday. The setup may already have shifted in favor of bearish traders and is pointing to further weakness. The crossing GBP/JPY witnessed strong selling for the second straight session on Friday and fell to month-long lows during the middle of the […]
GBP / JPY jumps above 140.00, returns near multi-month highs
A combination of factors helped GBP / JPY gain strong positive traction on Thursday. Hopes for a last-minute Brexit deal provided a strong boost to the British pound and acting supportive. The optimism of the COVID-19 vaccine undermined the safe haven JPY and contributed to the tone offered. The crossing GBP/JPY it surpassed the key […]
GBP / JPY bounces from lows of 139.00, but the pound continues to struggle
GBP / JPY has recovered sharply from previous lows below the 139.00 level to above 139.50. However, the British pound continues to struggle as Brexit optimism fades and is the worst performing G10 currency. The GBP/JPY it has rebounded sharply from lows below 139.00 set shortly before the US cash open at 14:30 GMT. Currently […]
GBP / JPY dips below 138.50 weighed down by a vulnerable pound
The GBP / JPY reversal from the 140.00 zone extends to 138.35. Brexit uncertainty and the Scottish referendum hurt the pound. GBP / JPy tests the trend line support at 138.40. The pound sterling it is trading lower against the Japanese yen for the second day in a row, cutting most of the ground taken […]
GBP / JPY struggles near daily lows, just above 139.00
GBP / JPY witnessed a modest pullback from the two-week high, breaking a four-day winning streak. Brexit anxieties caused a long period of decline around the British pound and put downward pressure. The recovery in safe haven demand benefited the Japanese yen and added to the intraday selling bias. It was seen that the crossing […]
GBP / JPY rises to highs of over a week, looking for a move above 139.00
GBP / JPY gained strong positive traction for the second consecutive session on Monday. The British pound rose from the upbeat UK PMI and did not appear to be affected by Brexit anxieties. Optimism about COVID-19 vaccines undermined the safe haven JPY and remained supported. The crossing GBP/JPY jumped to seven-day highs during the middle […]
GBP / JPY reverses intraday decline to lows of more than a week, lateralized above 137.50
GBP / JPY witnessed some subsequent selling for the second day in a row on Thursday. Traders refrained from making aggressive bets and preferred to wait for further Brexit updates. A tone offered around the JPY safe haven further extended some support to the cross. The crossing GBP/JPY It has managed to bounce around 50 […]
GBP / JPY capped below 139.00 amid mounting Brexit fears
GBP / JPY fails to return above 139.00, it remains stable above 137.55. Brexit uncertainty is weighing on the British pound. Short-term bullish momentum loses steam. Sterling’s higher attempts have lost steam just below 139.00 on Monday with Brexit troubles keeping sterling longs in check. The pair remains supported above 137.55 / 60 barely changed […]
