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Nov 16 - 07:55 PM

GBP/USD - Bid Early On Brexit Deal Talk, As End Game Nears

By Andrew M Spencer  —  Nov 16 - 06:25 PM
  • +0.15% after closing little changed, consolidating around 1.3200 in NY

  • Frost tells Johnson to expect EU trade deal early next week - The Sun

  • Little sign of compromise at the final round of Brexit talks nL1N2I20O7

  • Market remains optimistic of a last minute deal - GBP to tumble on no deal

  • Charts; momentum studies conflict, 5, 10 & 21 DMAs climb, net positive setup

  • 1.3240 61.8% of Nov dip capped Monday, break targets last week's 1.3322 high

  • 1.3075, 21 DMA and 38.2% Sep-Nov rise is the pivotal support

  • London 1.3167-1.3242 range is initial support-resistance

For more click on FXBUZ


gbp nov 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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