Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

GBP/JPY: Traders weigh Mueller report, Brexit around 145.50

FXstreet.com Monday, 25 March 2019
· *Brexit pessimism remains in focus amid Mueller’s report and yield curve development.*
· *50-day SMA continues to become immediate strong support with 145.90 likely nearby resistance.*

GBP/JPY is taking the bids around 145.50 during early Monday. Traders trimmed their support off safe-havens after Robert Mueller’s report of the US President Donald Trump’s collusion with Russia reported no proofs of any of the US or Trump administration officers being guilty. Though, doubts over the UK PM Theresa May’s leadership and inverted yield curve capped the pair’s gains. The pair took a U-turn from 50-day simple moving average (SMA) on Thursday and managed to remain above it since then.

The US special counsel Robert Mueller finally released a long-awaited report on the investigation concerning the US President Donald Trump and/or his team’s conspiracy with Russia to win during Presidential election in 2016. The report pleased Trump administration as it didn’t find any of the US person or trump campaign official knowingly conspired with Russia. The same helped trigger an upbeat week-start for the US Dollar.

However, the inverted spread between the 3 month and 10-year yields gained investor attention as this happened once ahead of the great financial crisis. Adding to pessimism were doubts over the UK PM Theresa May’s future leadership as the BBC reported that the lawmakers at home are preparing a coup for May over her criticism that the members of parliament (MPs) were the reason for Brexit delay.

Japan’s all industry activity index (MoM) for January becomes an immediate catalyst to watch whereas Brexit developments could keep entertaining investors amid no major data scheduled from the UK.

The January month Japanese gauge is likely to reverse prior -0.4% decline with +0.2% expansion.

*GBP/JPY Technical Analysis*

50-day SMA level of 144.40 acts as nearby important support for the pair, a break of which can drag the quote to 143.70 level comprising 100-day SMA.

On the upside, 145.90 and 146.15 could please short-term buyers ahead of challenging them with 147.00 and 147.50 resistances.
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Rep. Stevens on Impeachment and the Mueller Report [Video]Rep. Stevens on Impeachment and the Mueller Report

Rep. Haley Stevens discusses impeachment proceedings and the Mueller Report

Credit: Rumble     Duration: 02:46Published

GOP Rep. Says Volume 2 Of Mueller Report Never Should've Been Written [Video]GOP Rep. Says Volume 2 Of Mueller Report Never Should've Been Written

Volume 2 of the Mueller report focused on President Trump and obstruction of justice. Rep. John Ratcliffe says Mueller broke the law by writing it.

Credit: Rumble     Duration: 02:04Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.