GBP/JPY bounces off 145.00 mark, still deep in the red
5/6/2019 12:41:35 PM
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• Renewed US-China trade tensions underpin JPY and prompt some aggressive selling. • The downside remains limited ahead of another round of UK cross-

   •  Renewed US-China trade tensions underpin JPY and prompt some aggressive selling.
   •  The downside remains limited ahead of another round of UK cross-party Brexit talks.

   •  Renewed US-China trade tensions underpin JPY and prompt some aggressive selling.
   •  The downside remains limited ahead of another round of UK cross-party Brexit talks.

The GBP/JPY cross remained heavily offered through the mid-European session on Monday, albeit has managed to recover around 20-25 pips from daily swing lows.

GBP/JPY

The cross struggled to capitalize on last week's positive momentum and met with some aggressive selling at the start of a new trading week, erasing Friday's goodish up-move to over two-week tops amid the global flight to safety.

The US President Donald Trump's latest threat to impose tariffs on $200 billion worth of Chinese goods triggered a fresh wave of global risk aversion and provided a strong boost to the Japanese Yen's relative safe-haven status.

US President Donald Trumprisk aversion

The cross, however, managed to find some support/defend the key 145.00 psychological mark as investors refrained from placing aggressive bets and await fresh Brexit developments from the UK cross-party talks, starting Tuesday.

Brexit

This coupled with the prelim UK GDP growth figures for the first quarter of 2019 - scheduled for release on Friday, will influence the near-term sentiment surrounding the British Pound and provide a fresh directional impetus.

prelim UK GDPsentiment

In the meantime, broader market risk sentiment and incoming US-China trade-related headlines might contribute towards producing some short-term trading opportunities amid absent market moving economic releases.

Technical levels to watch

Technical levels to watch

GBP/JPY

Overview
Today last price 145.28
Today Daily Change -1.05
Today Daily Change % -0.72
Today daily open 146.33
 
Trends
Daily SMA20 145.38
Daily SMA50 145.99
Daily SMA100 143.7
Daily SMA200 144.51
Levels
Previous Daily High 146.52
Previous Daily Low 144.81
Previous Weekly High 146.52
Previous Weekly Low 144.02
Previous Monthly High 147.2
Previous Monthly Low 143.76
Daily Fibonacci 38.2% 145.87
Daily Fibonacci 61.8% 145.46
Daily Pivot Point S1 145.25
Daily Pivot Point S2 144.18
Daily Pivot Point S3 143.54
Daily Pivot Point R1 146.96
Daily Pivot Point R2 147.6
Daily Pivot Point R3 148.68

 

GBP/JPY

Overview
Today last price 145.28
Today Daily Change -1.05
Today Daily Change % -0.72
Today daily open 146.33
 
Trends
Daily SMA20 145.38
Daily SMA50 145.99
Daily SMA100 143.7
Daily SMA200 144.51
Levels
Previous Daily High 146.52
Previous Daily Low 144.81
Previous Weekly High 146.52
Previous Weekly Low 144.02
Previous Monthly High 147.2
Previous Monthly Low 143.76
Daily Fibonacci 38.2% 145.87
Daily Fibonacci 61.8% 145.46
Daily Pivot Point S1 145.25
Daily Pivot Point S2 144.18
Daily Pivot Point S3 143.54
Daily Pivot Point R1 146.96
Daily Pivot Point R2 147.6
Daily Pivot Point R3 148.68

GBP/JPY

Overview
Today last price 145.28
Today Daily Change -1.05
Today Daily Change % -0.72
Today daily open 146.33
 
Trends
Daily SMA20 145.38
Daily SMA50 145.99
Daily SMA100 143.7
Daily SMA200 144.51
Levels
Previous Daily High 146.52
Previous Daily Low 144.81
Previous Weekly High 146.52
Previous Weekly Low 144.02
Previous Monthly High 147.2
Previous Monthly Low 143.76
Daily Fibonacci 38.2% 145.87
Daily Fibonacci 61.8% 145.46
Daily Pivot Point S1 145.25
Daily Pivot Point S2 144.18
Daily Pivot Point S3 143.54
Daily Pivot Point R1 146.96
Daily Pivot Point R2 147.6
Daily Pivot Point R3 148.68

GBP/JPY

Overview
Today last price 145.28
Today Daily Change -1.05
Today Daily Change % -0.72
Today daily open 146.33
 
Trends
Daily SMA20 145.38
Daily SMA50 145.99
Daily SMA100 143.7
Daily SMA200 144.51
Overview
Today last price 145.28
Today Daily Change -1.05
Today Daily Change % -0.72
Today daily open 146.33
Overview Overview Overview Today last price 145.28 Today Daily Change -1.05 Today Daily Change % -0.72 Today daily open 146.33 Today last price 145.28 Today last price145.28145.28 Today Daily Change -1.05 Today Daily Change-1.05-1.05 Today Daily Change % -0.72 Today Daily Change %-0.72-0.72 Today daily open 146.33 Today daily open146.33146.33
 
Trends
Daily SMA20 145.38
Daily SMA50 145.99
Daily SMA100 143.7
Daily SMA200 144.51
Trends Trends Trends Daily SMA20 145.38 Daily SMA50 145.99 Daily SMA100 143.7 Daily SMA200 144.51 Daily SMA20 145.38 Daily SMA20145.38145.38 Daily SMA50 145.99 Daily SMA50145.99145.99 Daily SMA100 143.7 Daily SMA100143.7143.7 Daily SMA200 144.51 Daily SMA200144.51144.51
Levels
Previous Daily High 146.52
Previous Daily Low 144.81
Previous Weekly High 146.52
Previous Weekly Low 144.02
Previous Monthly High 147.2
Previous Monthly Low 143.76
Daily Fibonacci 38.2% 145.87
Daily Fibonacci 61.8% 145.46
Daily Pivot Point S1 145.25
Daily Pivot Point S2 144.18
Daily Pivot Point S3 143.54
Daily Pivot Point R1 146.96
Daily Pivot Point R2 147.6
Daily Pivot Point R3 148.68
Levels
Previous Daily High 146.52
Previous Daily Low 144.81
Previous Weekly High 146.52
Previous Weekly Low 144.02
Previous Monthly High 147.2
Previous Monthly Low 143.76
Daily Fibonacci 38.2% 145.87
Daily Fibonacci 61.8% 145.46
Daily Pivot Point S1 145.25
Daily Pivot Point S2 144.18
Daily Pivot Point S3 143.54
Daily Pivot Point R1 146.96
Daily Pivot Point R2 147.6
Daily Pivot Point R3 148.68
Levels Levels Levels Previous Daily High 146.52 Previous Daily Low 144.81 Previous Weekly High 146.52 Previous Weekly Low 144.02 Previous Monthly High 147.2 Previous Monthly Low 143.76 Daily Fibonacci 38.2% 145.87 Daily Fibonacci 61.8% 145.46 Daily Pivot Point S1 145.25 Daily Pivot Point S2 144.18 Daily Pivot Point S3 143.54 Daily Pivot Point R1 146.96 Daily Pivot Point R2 147.6 Daily Pivot Point R3 148.68 Previous Daily High 146.52 Previous Daily High146.52146.52 Previous Daily Low 144.81 Previous Daily Low144.81144.81 Previous Weekly High 146.52 Previous Weekly High146.52146.52 Previous Weekly Low 144.02 Previous Weekly Low144.02144.02 Previous Monthly High 147.2 Previous Monthly High147.2147.2 Previous Monthly Low 143.76 Previous Monthly Low143.76143.76 Daily Fibonacci 38.2% 145.87 Daily Fibonacci 38.2%145.87145.87 Daily Fibonacci 61.8% 145.46 Daily Fibonacci 61.8%145.46145.46 Daily Pivot Point S1 145.25 Daily Pivot Point S1145.25145.25 Daily Pivot Point S2 144.18 Daily Pivot Point S2144.18144.18 Daily Pivot Point S3 143.54 Daily Pivot Point S3143.54143.54 Daily Pivot Point R1 146.96 Daily Pivot Point R1146.96146.96 Daily Pivot Point R2 147.6 Daily Pivot Point R2147.6147.6 Daily Pivot Point R3 148.68 Daily Pivot Point R3148.68148.68