GBP/JPY remains a good sentiment of brexit uncertainty

GBP/JPY remains a good sentiment of brexit uncertainty

2020-12-14 • Updated

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Ichimoku Kinko Hyo

GBP/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.

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Fibonacci Levels

XAG/USD: Silver after a selloff is trading above the 38.2% retracement area.

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US Market View

World shares slipped and sterling skidded to its lowest in nearly a month on Friday as markets confronted the risk of Britain leaving the European Union without a trade deal, with doubts over US stimulus also nagging. A no-deal Brexit would damage the economies of northern Europe, send shock waves through financial markets, block up borders and wreak chaos through the delicate supply chains which stretch across Europe and beyond. Sterling fell 0.9% against the dollar, touching its lowest point since Nov. 16 and putting it on course to ending five straight weeks of gains. Volatility also rose to its highest in over eight months.

USA Key Point

  • The JPY is the strongest and the GBP is the weakest
  • UK PM Johnson: It is looking very, very likely we will have a no-deal Brexit
  • FDA says will rapidly work towards finalization of Pfizer vaccine emergency use authorization

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