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  • The GBP/JPY pair slipped below the 145.00 level yesterday, dropping from intraday highs in the 145.50 region.
  • Brexit concerns have largely dominated the GBP’s market flows, and Sterling traders are seeing increasing concerns about the longevity of PM May’s current Brexit deal, which faces a tough vote in the UK’s House of Commons on December 11th.

GBP/JPY Chart, 5-Minute

  • The Guppy continues to get stuck in a near-term sideways pattern after a stiff drop a couple of weeks ago, slipping loose from the 148.00 handle, and the GBP/JPY has been skidding across the floor between 144.00 and 145.00 for almost two straight trading weeks.

GBP/JPY Chart, 30-Minute

  • The last two months have seen the Guppy locked into a rough ranging pattern, and deviations from the 200-period moving average have reverted to the mean indicator, though spending more time towards the downside is seeing the major trend indicator begin to roll over into a bearish lean, and medium-term traders will be looking a fresh bull-run to the 147.00 region or higher before punching in more short-side positions.

GBP/JPY Chart, 4-Hour


       Today Last Price:  144.93
       Today Daily change:  -64  pips
       Today Daily change %:  -0.440%
       Today Daily Open:  145.57
       Previous Daily SMA20:  146.16
       Previous Daily SMA50:  146.88
       Previous Daily SMA100:  145.76
       Previous Daily SMA200:  147.05
       Previous Daily High:  145.76
       Previous Daily Low:  144.65
       Previous Weekly High:  145.96
       Previous Weekly Low:  144.01
       Previous Monthly High:  149.52
       Previous Monthly Low:  142.78
       Previous Daily Fibonacci 38.2%:  145.33
       Previous Daily Fibonacci 61.8%:  145.07
       Previous Daily Pivot Point S1:  144.9
       Previous Daily Pivot Point S2:  144.22
       Previous Daily Pivot Point S3:  143.79
       Previous Daily Pivot Point R1:  146
       Previous Daily Pivot Point R2:  146.43
       Previous Daily Pivot Point R3:  147.11