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Federal Reserve Board Governor Bowmans speech will be released in ten minutes.French President Emmanuel Macron stated: "We will continue to firmly support Ukraine. Ukraines future cannot be forged without the participation of the Ukrainian people. Europe must also be involved in developing a solution. We will continue to coordinate closely with Zelenskyy and our European partners."SpaceX: The Dragon spacecraft has been confirmed to have splashed down.On August 9th, European powers and Ukraine responded to Russian President Vladimir Putins ceasefire plan on Saturday with a counter-proposal, which they said must serve as a framework for progress in upcoming talks between Trump and Russian leaders, according to two European officials familiar with the negotiations. Europe rejected Russias proposal that Ukrainian troops withdraw from the remaining areas of Donetsk in exchange for a ceasefire. The European proposal included a requirement for a ceasefire before any other steps could be taken. It also stated that territorial exchanges could only be made on a "reciprocal" basis, meaning that if Ukraine withdraws from certain areas, Russia must withdraw from others. "You cant start a (peace) process by ceding territory in the middle of a battle," said a European negotiator. Crucially, the European plan presented to U.S. Vice President Cyril Vance and others also stipulated that any territorial concessions from Kyiv must be backed by absolutely reliable security guarantees—including the possibility of Ukraine joining NATO.The European proposal includes a ceasefire before any other steps can be taken. It also says territorial swaps can only be done on a "reciprocal" basis, meaning that if Ukraine withdraws from some areas, Russia must withdraw from others.

GBP/JPY Price Analysis: Rejects 200-Day Moving Average, falls to 161.20s

Alina Haynes

Feb 16, 2023 15:01

After reaching weekly highs of 161.46, GBP/JPY declines below 161.30 during Thursday's Asian-Pacific session. GBP/JPY is bullish until it breaches significant support levels. GBP/JPY is currently trading at 161.27, 0.05 percent below its initial price.

 

The daily chart for GBP/JPY is neutral, although a climb at 161.81 would trigger the 200-day Exponential Moving Average (EMA). Before 162.00, resistance and the 100-day EMA at 161.98 must be broken. Before the daily high of 167.02 on the 20th of December, GBP/JPY would rise to 163.00.

 

The 1-hour chart for GBP/JPY displays a bearish flag with a neutral bias. The Relative Strength Index (RSI) became negative, and the Rate of Change (RoC) indicated a decline in purchasing pressure.

 

GBP/JPY is decreasing. The 50-EMA at 161.04 is the initial demand level to examine. GBP/JPY would fall to 160.72 if it breached the previous level. Once cleared, the GBP/JPY exchange rate would move toward the 100-EMA at 161.49, preceding the 200-EMA. At 159.95.


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