Risk hit in Asia as US issued new trade threats. GBP/JPY risks falling below 145.00, having faced rejection at falling trendline on Friday. GBP/JPY is on the defensive and risks falling below 145.00 on escalating US-China trade issues. The reports hit the wires earlier today that Trump administration is planning to block Chinese companies from investing in US technology companies. These measures, if announced, may spur more retaliation from China and could lead to a long drawn out trade war. Consequently, the S&P 500 futures are down close to 0.5 percent and the funding currency JPY is solidly bid. The GBP/JPY risks falling below 145.00 in a convincing manner as the European desks may put a strong bid under JPY on signs of risk aversion. GBP/JPY Technical Levels The currency pair ran into offers around the key falling trendline (drawn from April 18 high and April 26 high) on Friday. Resistance: 145.92 (session high), 146.65 (Friday’s high), 147.06 (May 4 low). Support: 144.99 (March low), 144.39 (June 19 low), 143.19 (May 29 low). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin price analysis: bulls never give up as BTC/USD is back above $6,000 FX Street 3 years Risk hit in Asia as US issued new trade threats. GBP/JPY risks falling below 145.00, having faced rejection at falling trendline on Friday. GBP/JPY is on the defensive and risks falling below 145.00 on escalating US-China trade issues. The reports hit the wires earlier today that Trump administration is planning to block Chinese companies from investing in US technology companies. These measures, if announced, may spur more retaliation from China and could lead to a long drawn out trade war. Consequently, the S&P 500 futures are down close to 0.5 percent and the funding currency JPY is solidly bid. The… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
