Experiencing a long bearish movement after the UK PM Theresa May’s government suffered yet another blow when the British Parliament rejected the revised Brexit deal on Thursday, Pound bounces back forming a new low near 141.00 region as a result of positive UK monthly retail sales growth which is estimated as 1.0% m/m in January and with yearly rate boosting to 4.2%.
Key Levels to watch:
Further moving upside to 141.800, can reverse at 38.2 Fibonacci level. Travelling upto 142.400 have chances of reversing at 61.8 Fibonacci level for further downside movement.
Breakthrough over the channel above 142.400 have chances of forming new highs.
GBPJPY TODAY:
Daily open: 141.379
Daily Last high: 141.672
Daily Last Low: 141.622
Daily current growth: +0.17%
