|Day's Range||139.29 - 140.703|
|52 Week Range||133.9090 - 149.7070|
The British pound initially tried to rally during the trading session on Wednesday, as sellers came back in above the ¥140.50 level. That being said, we are approaching the bottom of the most recent candlesticks, which of course is a very negative sign.
The British pound initially broke down below the ¥140 level but found enough buyers underneath the turn things back around. This of course is in direct correlation to the fact that Theresa May has the backing ever cabinet members for whatever new deal she’s about to propose.
The British pound initially tried to rally against the Japanese yen during the trading session on Monday, but a slew of press releases from China of course has poured cold water on the rally.
The return of domestic political turmoil in the United Kingdom has led to a flurry of selling momentum for the British Pound, which fell over 300 pips during the previous trading week.
The British pound fell rather hard during the week and a lot of risk aversion when it comes to the Brexit. This of course makes quite a bit of sense, as the political situation with Theresa May looking very likely to retire has a lot of questions attached to it.
The British pound fell rather hard during the trading session on Friday, as we had a bit of a “risk off” move during Asia. As the Chinese suggested that there is no real hope of talks continue in the short term, that of course at the Asian markets selling off. However, by the time the Americans came on board, things started to change.
It was already a terrible trading week for the British Pound thanks to the political risk circus in Westminster and Brexit related uncertainty.
The British pound fell right out of the gates during the trading session on Thursday but is approaching a major psychologically significant point. With that in mind, we could get a bit of a bounce rather soon.
The British pound initially tried to rally during the trading session on Wednesday but gave up the gains again as more of a “risk off” attitude has purveyed in the markets.
The British pound continues the bounce around against the Japanese yen but is slowing a bit of negativity. Because of this, it looks as if we have some decisions to make and therefore the next couple of days could be crucial.
The British pound fell hard against the Japanese yen during the week, even though we got decent British economic numbers. Quite frankly, this pair is being hijacked by the US/China trade talks more than anything else.
Today, I have for you three pairs with Japanese Yen. This pair is considered as a safe haven asset, so in theory, should gain, when the sentiment on the market is bearish.
The British pound is relatively stable, all things considered. The Japanese yen gained a bit of strength against the British pound, but not as much is you would think considering the brutality of the move in the E-mini S&P 500 contract. With that type of fear, it’s quite common to see this market break down. However, we didn’t and that could be somewhat telling.
The British pound did recover a bit during the week against the Japanese yen, as it did against several other currencies. Keep in mind that this pair is highly sensitive to risk, so that should be thought of as a major indicator as well.
The British pound fell against the Japanese yen initially during the trading session on Friday, but found support underneath the ¥145 level, as the 200 day EMA has come to the rescue.
The British pound continues to chop back and forth against the Japanese yen and other currencies around the world as we may be running out of steam. Recently, the British pound had enjoyed a nice rally, but not much is changed so one has to wonder when it comes back down?
The British pound rallied again during the trading session on Wednesday against the Japanese yen, as we continue to see resiliency coming out of Sterling. However, we are getting close to some significant resistance just above.
The British pound rallied rather significantly after initially pulling back on Tuesday, shooting through the ¥145 level during the trading session. However, one has to ask how much longer this can be sustained considering how the British pound has performed.
The British pound fell against the Japanese yen, slicing through the ¥145 level. There is plenty of support down at the ¥144 level as well, so I believe at this point it’s very likely that we are going to see a huge fight.
The US dollar initially tried to rally during the trading session on Friday but gave back most of the gains as we fell back towards the ¥111.50 level. At this point, the market is continuing to bounce around in a tight range and looks as if it is very difficult to go higher, but we have a lot of support underneath.
The British pound broke down significantly during the trading session on Thursday to kick it off, testing major support underneath. The ¥144 level should be significant support, so if we break down below there we could see a significant break down.
The British pound went back and forth during the trading session on Wednesday, as we continue to try to find support just below. We are at a major area of support, so it would not be surprising at all to see some type of bounce from this region, but we also could see the trap door open.
With the lack of liquidity on Friday, the British pound didn’t do much against the Japanese yen. However, we are at a very interesting level that we should be paying attention to.
The British pound rallied significantly during the week, breaking above the candle stick from the previous week and reaching towards the ¥147 level. This is an area where you would expect to see some resistance, but quite frankly is very unlikely to be major. In fact, it looks as if we are probably going to go higher so pullbacks will more than likely be nice buying opportunities.