The pound had fallen from 1.3270 after the UK released employment data for May which was back to 2.7% per year. Cable was sliding to 1.3068, near low of this year during MPs wanted the UK to join a customs union if it didn’t agree on a free-trade deal with the EU. The government won by 307 to 301. The pound grew to 1.3150 on the winning vote before it drives lower to close of 1.3115.
The price is recovering back in a neutral position and has turned back lower and lower again. The quotes are targetting the descending channel. Today we’re waiting for yearly and monthly Consumer Price Index data. So, if the rates will get lower the 1.30 level will be easy to reach where the 1.3040 level is key in the descending channel as the November low.
Nikkei 225 (JPN225)
Asian stock markets definitely have an uptrend after a strong bullish speech from the US Fed’s chairman Jerome Powell. Japan’s Nikkei 225 grew up to 0.9% for Wednesday, while Australia’s ASX 200 is likewise up 0.70%; Chinese equities are in the green zone, trading more quietly, with Hong Kong’s index up about 0.60%.
In this month, we can see a bullish recovery for Nikkei and key resistance still is nearby the last month highs. If there will be good trade balance data and Consumer Price index of Japan we will expect that price will reach 23500 level in the middle term period.
So, our targets for
GBPUSD – sell to 1,3140
Nikkei 225 (JPN225) – buy to 23500