Will the oil be poured again on the pound?!

After the U.S. presidential inauguration, the dollar is starting to be sold, though

the Dow Jones remains in a position to reach around 20,000 dollars as it transitions

and it does not seem that the market mood has changed significantly yet.

On the other hand, the pound market, which was greatly buoyed by Brexit in the UK

is moving toward the historical lows for the pound against the dollar,

and last week Prime Minister May expressed her intention to withdraw from the EU single market,

but the pound has been bought back, and there is a possibility that a sense of low prices is emerging again

Today, there are notable items prepared for attention.


For detailsUK Supreme Court, ruling on EU withdrawal parliamentary approval on the 24th



Time is 18:30 JST, which is exactly the main time for the pound market

so please approach with utmost caution.







The chart is the four-hour chart of GBP/JPY, which has retraced from the short-term dip

and is now rebounding; depending on today's contents, there may be another chance to test higher prices.

However, GBP/JPY has formed triple bottoms during the Lehman shock, 2011, and this time

so even if the trend changes, the market may continue to move in the low-price range for a while longer.

This week, USD/JPY is also weakening, so if it recovers, we should regard the current level as the point to watch

and pay attention to the highly correlated movement of GBP/JPY.



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by Kawase-ri-gi