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Main » 2019 » December » 18 » How to make money in the forex market today? Trading Ideas traders the G BPJPY 18/12/2019: Traders again allow "hard» Brexit!
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How to make money in the forex market today? Trading Ideas traders the G BPJPY 18/12/2019: Traders again allow "hard» Brexit!

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The British currency during the trading session on Tuesday carries significant losses along the broad market. Just one day GBPJPY pair lost about 200 points, millet with the level of 145.97 to 144.00 area. On the eve of broadcaster ITV News reported that Prime Minister Boris Johnson is going to prevent the transfer of Brexit terms for the period after January 2020. According to the broadcaster, Johnson is actively working on amendments to the agreement on output, to exclude this possibility.

 

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It is expected that at the end of this week he would bring the agreement to a vote in Parliament. Market participants fear that the UK will not have time to reach an acceptable agreement with the EU to Brexit completion. In other words, the market went back old fears about the likelihood of «hard» Brexit, namely exit from the EU of England ended without continuing access to the European single market and the customs union.


Such concerns are putting pressure on the pound, which last week reached the highest level since May 2018 thanks to Johnson's victory in the general election. Earlier, Conservative victory is clearly inspired investors who were looking forward to the end of Brexit history lasting more than three years and caused so much uncertainty. Recall that Johnson has promised to complete the exit from the EU by the end of January. If the upcoming vote on Brexit conditions will not receive the approval of Parliament, GBPJPY risks fail to support 140.00.


GBPJPY SellStop 143,90 TP 140,0 SL 144,60

 

Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author Artem Deev trader analyst AMarkets. Traders community is not responsible for any losses in the case of the review of materials

 

 

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