GBP/JPY daily chart: Sterling trading above 148.00 ahead of Brexit vote

Flavio Tosti Independent Analyst

GBP/JPY daily chart

GBP/JPY is trading in a bull leg above its main simple moving averages (SMAs).
The Sterling can see high volatility as the UK’s Parliamentary vote on Brexit is starting at 17.00 GMT.

GBP/JPY 4-hour chart

GBP/JPY is trading above its main SMAs suggesting a bullish momentum in the medium-term.

GBP/JPY 30-minute chart

GBP/JPY is trading above its main SMAs suggesting a bullish momentum in the short-term.
A break above 149.00 can lead to 150.00 and 151.50 resistances.
Supports are at 145.25, 144.75 and 144.00 level.

Additional key levels

GBP/JPY

Overview:
    Today Last Price: 148.29
    Today Daily change: 2 pips
    Today Daily change %: 0.01%
    Today Daily Open: 148.27
Trends:
    Daily SMA20: 145.63
    Daily SMA50: 143.04
    Daily SMA100: 143.47
    Daily SMA200: 144.66
Levels:
    Previous Daily High: 148.74
    Previous Daily Low: 145.36
    Previous Weekly High: 148.47
    Previous Weekly Low: 144.31
    Previous Monthly High: 148.28
    Previous Monthly Low: 141.01
    Daily Fibonacci 38.2%: 147.45
    Daily Fibonacci 61.8%: 146.65
    Daily Pivot Point S1: 146.18
    Daily Pivot Point S2: 144.09
    Daily Pivot Point S3: 142.81
    Daily Pivot Point R1: 149.55
    Daily Pivot Point R2: 150.83
    Daily Pivot Point R3: 152.92

Author

Flavio Tosti

Independent Analyst

EUR/USD challenges 1.1700, six-week lows

EUR/USD remains under heavy downside pressire in quite a dfrreadful start to the new trading week, putting the 1.1700 support to the test amid the marked rebound in the US Dollar. The flight-so-safety environment continues to support the Greenback following the escalating conflict in the Middle East.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold shifts its attention to $5,600 on fligh-to-safety mood

Gold climbs to levels last seen in late January past the $5,400 mark per troy ounce on Monday. The yellow metal’s strong uptick remains fuelled by incresing geopolitical tensions in the Middle East and the consequent demand for safer assets.

Bitcoin on brink of breakdown amid US-Iran war

Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead.

The week ahead: Conflict in the Middle East jolts markets

Events in the Middle East are obviously dominating financial markets this morning. The Brent crude oil price is extending gains and is higher by more than 8%, stock futures are pointing lower and the gold price is higher by more than 2%.

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.