Uk Lawmakers Reject Attempt to Include in Article 50 Legislation a Requirement for Parliament to have more say on Final Brexit

UK LAWMAKERS REJECT ATTEMPT TO INCLUDE IN ARTICLE 50 LEGISLATION A REQUIREMENT FOR PARLIAMENT TO HAVE MORE SAY ON FINAL BREXIT DEALThe material has been provided by InstaForex Company – www.instaforex.com

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Fxwirepro: Usd/jpy Maintains Bullish Bias With Focus on 115.50 Levels

  • USD/JPY rose on Monday as traders widely anticipate that Federal Reserve will raise interest rate on Wednesday.
     
  • Friday’s strong U.S. employment report has solidified the view  that the Federal Reserve will increase interest rates when its policy makers meet this week.
     
  • With a rate hike widely expected, market watchers will also be looking for signals about the pace of future rate increases.
     
  • The currency pair is trading at 114.78, it is set to advance towards 115.50 and later towards 116.00 levels in the short term.
     
  • To the upside, the strong resistance can be seen at 115.47, a break above this level would take the pair towards next resistance level at 116.00.
     
  • To the downside immediate support can be seen at 114.77, a break below this level will open the door towards next level at 114.12.

    Resistance Levels

    R1: 115.47 (38.2% Retracement Level)

    R2: 116.00 (Psychological levels)

    R3: 116.40 (Jan 10th high)

    Support Levels

    S1: 114.77 (38.2% Retracement Level)

    S2: 114.12 (50% Retracement Level)

    S3: 113.52 (61.8% Retracement Level)

The material has been provided by InstaForex Company – www.instaforex.com

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Fxwirepro: Gbp/usd Holds Above 1.2200 But Upside Is Limited

  • GBP/USD rose on Monday after Scotland’s First Minister Nicola Sturgeon demanded a fresh Scottish independence referendum but said it should take place at the earliest in late 2018.
     
  • The pound was immediately boosted after Sturgeon said she would seek authority from the UK government which is preparing to trigger formal talks on Britain’s exit from the European Union to hold a new vote.
     
  • The pair made daily highs at 1.2251 but dipped slightly to trade at 1.2232 levels in the late US session.
     
  • Further upside for this pair is expected to be limited as strong resistance level at 1.2313 is set to limit upside and bring decline towards lower levels.
     
  • To the upside, immediate resistance can be seen at 1.2251, a break above this level would expose the cable to next resistance level at 1.2313 levels.
     
  • To the downside strong support can be seen at 1.2187, a break below at this level will open the door towards next level at 1.2137.

    Resistance Levels

    R1:  1.2251 (50% Retracement level)

    R2: 1.2313 (61.8% Retracement level)

    R3: 1.2400 (Psychological levels)

    Support Levels

    S1: 1.2187 (38.2 % Retracement level)                   

    S2: 1.2137 (Daily lows)

    S3: 1.2108 (23.6 % Retracement level)

The material has been provided by InstaForex Company – www.instaforex.com

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