TheGBP/JPYcrossheldontoitsmodestintradaygainsthroughtheearlyEuropeansessionandwaslastseenhoveringneardailytops,aroundthe155.20-25region.
ThecrossgainedsomepositivetractionduringthefirsthalfofthetradingactiononWednesdayandbuiltonthepreviousday'smodestbouncefromthe154.65area,ornearthree-weeklows.ThismarkedthefirstdayofapositivemovefortheGBP/JPYcrossandwassupportedbytheemergenceofsomebuyingaroundtheBritishpound.
ExpectationsforanimminentBankofEnglandinterestratehikemovebytheendofthisyearactedasatailwindforthesterling,whichfurtherbenefittedfromasubduedUSdollardemand.Thatsaid,theimpasseoverthepost-BrexitarrangementsforNorthernIrelandmightkeepalidonanymeaningfulupsidefortheGBP/JPYcross.
TherecenttalksbetweentheEUandtheUKtoresolvethedisputeendedwithoutamajorbreakthrough.ThemarketsalsoseemconcernedthattheUKPrimeMinisterBorisJohnsonwilltriggerArticle16oftheNorthernIrelandProtocol.Investorsmightalsorefrainfromplacingaggressivebetsheadingintocriticalcentralbankmeetings.
TheFedisscheduledtoannounceitsmonetarypolicydecisionlaterthisWednesdayandtheBoEMPCwillmeetonThursday.Inthemeantime,thecautiousmarketmoodunderpinnedthesafe-havenJapaneseyen,whichshouldfurthercollaboratetocapgainsfortheGBP/JPYcrossamidabsentrelevantmarketmovingeconomicreleasesfromtheUK.
| Todaylastprice | 155.16 |
| TodayDailyChange | 0.03 |
| TodayDailyChange% | 0.02 |
| Todaydailyopen | 155.13 |
| DailySMA20 | 155.57 |
| DailySMA50 | 152.96 |
| DailySMA100 | 152.67 |
| DailySMA200 | 151.7 |
| PreviousDailyHigh | 156.02 |
| PreviousDailyLow | 154.67 |
| PreviousWeeklyHigh | 157.77 |
| PreviousWeeklyLow | 155.71 |
| PreviousMonthlyHigh | 158.22 |
| PreviousMonthlyLow | 149.23 |
| DailyFibonacci38.2% | 155.19 |
| DailyFibonacci61.8% | 155.51 |
| DailyPivotPointS1 | 154.52 |
| DailyPivotPointS2 | 153.92 |
| DailyPivotPointS3 | 153.17 |
| DailyPivotPointR1 | 155.88 |
| DailyPivotPointR2 | 156.63 |
| DailyPivotPointR3 | 157.23 |
