|Day's Range||140.15 - 140.445|
|52 Week Range||126.6550 - 148.8580|
The British pound continues to go back and forth against Japanese Yen and other currencies, as we deal with Brexit and the election at this point. Because of this I would not expect too much out of the market in the short term, because quite frankly nobody knows where to go next. The election will be paid close attention to, but at this point it certainly looks as if the buyers are going to continue to press the issue.
The British pound continues to consolidate in general against the Japanese yen as we await some type of movement when it comes to Brexit. At this point, the market continues to dance around the ¥140 level, an area that attracts a lot of attention.
The British pound rallied initially during the trading session on Monday, reaching towards the crucial ¥141.50 level. However, we have been turned around completely as what was once optimism about the conversation of the weekend involving the United States and China has been overshadowed by pessimism.
The British pound has remained rather resilient during the week, as we continue to hang around the ¥140 level. At this point, it looks as if the market is trying to build up the necessary momentum to finally go higher.
The British pound continues to go back and forth against Japanese and, as we reached above the ¥140 level. At this point in time, the market looks as if it is ready to continue the same action that we have seen for several days.
The British pound has gone back and forth during the course of the week, testing the ¥140 level, and when you look at the daily chart, it is forming a pennant or symmetrical triangle, depending on how you look at it.
The British pound continues to show signs of underlying demand, as the market has been grinding around the ¥140 level for some time. After the initial surge higher, it now looks as if the market is prepared to digest those gains.
The British pound continues to drive into the ¥140 level which is massive resistance. This week was a bit quiet, as it looks like on the daily chart the pair is trying to form a bit of a bullish flag.
The British pound consolidated a bit during the training session on Friday against the Japanese yen, as we continue to form a major consolidation area right around the ¥140 level.
The British pound has gone back and forth during the trading session on Thursday as we continue to see a lot of choppy behavior. That being said, the market is starting to form a larger flag pattern, and that of course is very bullish at this point.
The British pound initially fell against the Japanese yen during the trading session on Tuesday but found enough support to turn things around and rally back towards the ¥140 level. Since then, it has been relatively quiet which makes sense considering that the number is such an important level.
The British pound rallied a bit against the Japanese yen on Monday, showing signs of life again. This is a market that is very risk sensitive, so it will be interesting to see how this plays out. Remember, the Japanese yen is considered to be a safety currency.
The British pound initially try to rally during the week but then gave back a bit to show signs of exhaustion. We are currently trading at the 61.8% Fibonacci retracement level, which of course is an area that a lot of technical traders will pay attention to.
The British pound has drifted a little bit lower during the trading session on Friday against the Japanese yen as the market continues to struggle for traction. That being said though, selling this pair is going to be extraordinarily difficult.
The British pound continues to grind a little bit higher against the Japanese Jen, in more of a “risk on” situation coming out of the weekend. Ultimately, the market is well above the 200-day EMA so the technical analysis certainly would suggest that we should go higher.
The British pound slammed into a major level during the week, testing the ¥140 level. However, although there is supposedly a deal between Boris Johnson and the EU, Parliament has not voted on it and will do so during the weekend. Buckle up, this is going to be brutal.
The British pound approach the major level against the Japanese yen during trading on Friday, as the ¥140 level attracts a lot of attention. Ultimately, this is a market that should continue to see a lot of volatility, as is per usual.
The British pound went back and forth during trading on Thursday as per usual, as Twitter continues to cause major issues. There was the initial announcement that the EU and the UK had come to an agreement, followed by the DUP tweeting out that there were still a significant amount of “gaps” in the deal.
The British pound continues to chop around against the Japanese yen as headlines continue to spoof the market. Just in the last few hours, the market has seen “EU sources” indicating that major hurdles have been moved out of the way, only to have those refuted by officials. In other words, Twitter continues to push the Forex world around.
The British pound has been consolidating against the Japanese yen during the trading session on Tuesday, as we initially tried to break above the 200 day EMA but rolled over to show signs of weakness again. Ultimately, major decisions need to be made.
The British pound has been very choppy during trading on Monday, as we continue to see a lot of back-and-forth when it comes to risk aversion. The 200 day EMA has been tested, and it now has proven that it remains resistive. That being the case, a break above that, especially on a daily close, would be very strong.
The British pound skyrocketed during the week on trade hopes involving the Brexit situation. As we are starting to see signs of progress in those negotiations. However, we have not seen a true decision made, so a lot of this could be a simple short covering.