GBPEUR on 29/01/2020

#FTSE #Japan As England lurches toward Brexit, a nation captivated by the idea opening graphics from “Dads Army” were actually instructions for the future, we remain utterly fascinated at the possible behavior of many markets post-Brexit. #GBPEUR, trading at 1.1811, is a case in point, now starting to look potentially strong!

On December 12th, the pairing closed the session at 1.2046, marginally above a Glass Ceiling trigger level of 1.2039. In normal circumstances, we’d now be fairly relaxed, especially as it next requires movement above 1.2025 to trigger near term growth to 1.2169. This is pretty significant.

By attaining such a target, the pairing will be seen as comprehensively breaking the Glass Ceiling, entering a region where future movement to 1.263 is expected, perhaps even a long term 1.327.

Unfortunately, this is Foreign Exchange, a market with an exquisite sense of humour.

It will be perfectly possible for Forex to open for trading on Monday 3rd February and decide;’hey, that’s a surprise. The UK has left Europe!’ and promptly gap the pairing down at the start of trade.

Any movement below 1.164 is liable to prove especially nasty, taking the relationship into a region with an initial 1.125 expected. If broken, it could hopefully bottom at 1.103. The big problem in such a scenario is “bottom” eventually could calculate at 1.01 – or worse. However, we would expect a real rebound if 1.01 made its presence felt.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:06:31PM	BRENT	59.32
10:09:22PM	GOLD	1568.04									Success
10:13:32PM	FTSE	7491.87	7441	7434.5	7400	7484	7516	7543.5	7595	7438
10:16:10PM	FRANCE	5914.2									Success
10:23:44PM	GERMANY	13343									‘cess
10:26:07PM	US500	3285.72									Success
10:28:17PM	DOW	28823									‘cess
10:30:39PM	NASDAQ	9121.49									Success
10:33:33PM	JAPAN	23369	23012	22997.5	22863	23107	23396	23426.75	23486	23238	Shambles

28/01/2020 FTSE Closed at 7480 points. Change of 0.92%. Total value traded through LSE was: £ 5,106,872,635 a change of -10.29%

27/01/2020 FTSE Closed at 7412 points. Change of -2.28%. Total value traded through LSE was: £ 5,692,912,952 a change of 6.13%

24/01/2020 FTSE Closed at 7585 points. Change of 1.04%. Total value traded through LSE was: £ 5,364,214,029 a change of -0.13%

23/01/2020 FTSE Closed at 7507 points. Change of -0.85%. Total value traded through LSE was: £ 5,371,375,210 a change of -4.17%

22/01/2020 FTSE Closed at 7571 points. Change of -0.51%. Total value traded through LSE was: £ 5,604,978,241 a change of 11.63%

21/01/2020 FTSE Closed at 7610 points. Change of -0.54%. Total value traded through LSE was: £ 5,020,947,785 a change of 18.76%

20/01/2020 FTSE Closed at 7651 points. Change of -0.3%. Total value traded through LSE was: £ 4,227,858,188 a change of -33.49%