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Borisjohnson

What Does Boris Johnson Resigning Mean For Markets?In this video we address potential market outcomes of the current scandal engulfing Boris Johnson's leadership. We see 3 potential outcomes, I've listed them briefly below and fully explained them in the video. Option 1 - Boris Johnson resigns quickly and Rishi Sunak becomes the new prime minister. This would be positive for the GBP Option 2 - We see a messy process over the next week or two where the conservative party force a vote of no confidence in Boris Johnson. This situation would be volatile for markets. Option 3 - A surprise General Election is called. This would be negative for markets initally until clarity is established. Let me know in the comments below your thoughts on how this could affect markets.
by JoelWarby
GBPUSD: Rallies should be capped!GBPUSD Intraday - We look to Sell at 1.2350 (stop at 1.2415) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies. Our profit targets will be 1.2170 and 1.2155 Resistance: 1.2410 / 1.2545 / 1.2670 Support: 1.2155 / 1.2015 / 1.1840 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
GBPCHF: Rallies bound to fail?!GBPCHF Intraday - We look to Sell at 1.2216 (stop at 1.2304) Bespoke resistance is located at 1.2225. We look to sell rallies. Selling posted in Asia. Expect trading to remain mixed and volatile. This provides an excellent risk/reward opportunity to fade the current bullish move. Our profit targets will be 1.2003 and 1.1910 Resistance: 1.2200 / 1.2440 / 1.2609 Support: 1.20600 / 1.1918 / 1.1630 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
GBPCHF could try to break the long lasting trend...or notGBPCHF is really undecided nowadays. It has a long lasting trend to fall since the January of 2000. Now it has formed a giant triangle bottoming at around 1.18. Now the Bank of England is in a rate hiking cycle while the Swiss National Bank does not indicate a rate hike any time soon, so a strengthening of the pound is very likely. Besides that, the shockwaves of Brexit are slowly fading, Boris Johnson and his administration set a clear path for the economy (hopefully a good path), so everything is in order, in theory. On the other hand, the war in Ukraine, the sanctions on Russia, the supply chain problems and the UK's firm anti-russian position and rethoric bring some uncertainty to the equation. On the long run I expect a possible break-out attempt to the upside, targeting the upper end of the falling yellow falling channel firs (around 1.247), then the upper end of the blue triangle (around 1.26). Be cautious! The other scenario is a rapid fall to the bottom of the channel (1.194), then to the bottom of the triangle (1.18). Follow me for more updates on the pair and other assets. Don't forget: money is weird and unpredictable, so plan for all possible scenarios and hedge your positions!
Long
by weirdmoney
How will the GBP/USD react to 'Partygate' inquiry today?As the US Federal Reserve plans to tighten monetary policy at a more aggressive pace, the dollar index is actively growing against reserve currencies and GBP. Accordingly, we still adhere to the previous forecast for the GBP USD pair - a decline in the area of 1.3200, followed by a rebound to the dynamic resistance zone of the downtrend. The GBP has been showing signs of resilience today, after hitting a five-week low on Friday. The USD soared last week after the Federal Reserve meeting that pushed interest rate markets to pricing 5 hikes in 2022. British Prime Minister Boris Johnson is planning to unveil 'Brexit Freedoms Bill', aiming to remove or amend European Union regulations that were copied into the country's law before it left the EU. This will mark the two year anniversary of Getting Brexit Done and will cut £1 billion of red tape for businesses to maximise the benefits of Brexit. Another factor however that could potentially lift the GBP in 2022, according to strategists, would be Boris Johnson's resignation after a series of scandals, including the most recent 'Partygate' scandal. All eyes are on the Sue Gray report investigating the Prime Minister's involvement into lockdown parties, which was released today.
by Capitalcom
1
Pound shrugs off sharp UK dataThe British pound has posted very slight gains on Friday. In the European session, GBP/USD is trading at 1.3720, up 0.09% on the day. The pound is yawning despite better than expected UK data today. GDP jumped 0.9% m/m in November, above the consensus of 0.4%, while Manufacturing Production rose 1.1% m/m, crushing the estimate of 0.2%. Both readings were above the October releases, indicating that the UK recovery continues. GDP for Q4 is expected to reach or surpass the pre-Covid level (Q4 2019), barring a disappointing December GDP report. We continue to see a rotation out of US dollars this week, with the British pound and other majors racking up impressive gains of around 1 percent. The driver behind the US dollar's weakness has been elevated risk appetite, which has not waned despite exploding Omicron cases, a soft nonfarm payrolls report and a hawkish Federal Reserve. The markets appear to have an answer for all of these developments. The Omicron wave has not wreaked havoc on the global economy, US wage growth is strong, and Fed Chair Jerome Powell is confident that red-hot inflation in the US will ease during the year. Still, risk sentiment can change quickly, and I would not be surprised to see a US dollar comeback in the near term if Omicron is more damaging than anticipated or if inflation heads even higher. Prime Minister Boris Johnson is under intense criticism after revelations that his staff held parties during the height of the Covid lockdowns. One party was apparently held the night before the funeral of Queen Elizabeth's husband, and a poignant photo of the Queen sitting alone during the funeral has made Party-Gate look even worse. The latest political crisis has not made a dent in the pound's upswing, perhaps because Johnson is no stranger to controversy or an indication that investors are more concerned about inflation and omicron rather than partying at 10 Downing Street. There are support lines at 1.3482 and 1.3372. GBP/USD continues to test resistance at 1.3708. This is followed by resistance at 1.3818
by OANDA
2
Pound jumps as Omicron risk dismissedIt has been a very good week for the British pound, which is up 1.29%. So good, in fact, that this will likely mark the pound's best week of 2021. On Thursday, GBP/USD punched above the 1.34 line for the first time in a month. The pound's newfound strength is a result of stronger risk appetite. When Omicron first appeared on the scene several weeks ago, there were dire predictions about the damage another wave of Covid would cause to the global economy. Omicron has spread very quickly across Europe and the US, but investors remain optimistic that although Omicron is much more contagious than Delta, the symptoms are milder, according to some medical reports. With risk sentiment on the rise this week, we are seeing a movement away from the safe-haven US dollar, and the pound has gained ground. Despite the optimism displayed by the markets, it is far from clear that Omicron is nothing more than a tempest in a teapot. More research is needed to determine if Omicron is indeed less severe than Delta. Even if this is the case, Omicron could cause severe symptoms in unvaccinated people and put a huge strain on hospital resources. As well, it would be folly to ignore the non-developed nations, which are a majority of the world. For many of these countries, the only available vaccine is Sinovac, which may not be effective against Omicron. The optimism we are seeing in the equity markets will have been badly misplaced if Omicron proves to be more deadly than the markets want to believe. In the UK, there was some light in the pre-Christmas gloom after Prime Minister Boris Johnson announced that it would not introduce new restrictions before Christmas. Still, Johnson warned that there could be further measures after the holiday. Johnson is under intense criticism after new reports that he and government ministers ignored Covid health restrictions against social gatherings. Johnson's claim that these gatherings were working meetings have been met with scorn and there is even talk that the Prime Minister, whose popularity numbers have plunged, could be replaced shortly. GBP/USD has support at 1.3349 and 1.3261 There is resistance at 1.3462 and 1.3550
by OANDA
2
GBPUSD bounce challenges short-term resistance lineAlthough US traders cheer extended weekend on Monday, UK PM Boris Johnson’s unlock plan details may help GBPUSD to entertain the markets. That said, the quote bounced off mid-April lows the previous day to regain the status above a five-month-old support line. However, the recovery moves recently fade around a downward sloping trend line from June 16. Hence, bulls and bears jostle between the 1.3800 support and 1.3820 resistance ahead of the key announcement. Should Boris remains optimistic over covid conditions in the UK, the pair may easily overcome the nearby hurdle to aim for the early April’s top surrounding 1.3915. However, any further upside will be tested by the 1.4000–4010 area comprising multiple tops marked since March. On the contrary, a downside break of the 1.3800 level will not hesitate to drag the GBPUSD prices to 1.3670-75 area including lows marked in March and April. It should, however, be noted that the quote’s weakness past 1.3670 could make it vulnerable to retest the yearly low surrounding 1.3450. During the fall, February’s low near 1.3560 may act as an intermediate halt. To sum up, GBPUSD bears seem to have tired of late but bulls need conviction for fresh entry.
Long
by MTradingGlobal
GBPJPYHello traders! During the last few days of the week we were able to see a quite big drop on GJ, as beneath there were massive liquidity zones. Since the overall trend is still bullish we do expect price to push back up in order to take all the sellers' money by triggering their stop loss. So our institutional profit level will be the previous formed equal highs at the top of the charts, because as we know equal highs/lows are always run over. Furthermore on the 23rd of March there will be UK news, which previously performed a +4.7% and its forecasts are up to 4.9% up move.
Long
by YoungFoe13
4
GBP/AUD short 200 PIPS PREDICTIONPRICE action is stalling in this resistance area . if we see further rejections when markets open then we can take a nice short position for 200 pips+ if price does not make more rejection then we will not enter. dont be hesitant and enter the trade without seing further price action especially in the lower time frames. suggestion: wait for a 15m trendline break , look for lower swing highs. wait for london session and see where and how the technicals align together. if price keeps pushing further up without rejections then do not enter just be patient.
Short
by KibukCapital
GBP/AUD SHORT prediction.fundamentals: -brexit coming to an end very soon with a small chance of a deal going together -another wave of covid in the uk technicals: -price action keeps stalling the upside -price resisting this area multiple times -head n shoulders pattern reason for this trade to not play out: banks might rise the price to take out sellers if the sell is too easy then bring price back down -very risky to trade right now, the market seem to be not responding to technicals as clearly and just alot more volatile.
Short
by KibukCapital