By Richard Pace — Nov 26 - 02:40 AM
Major trendline from 2007 and 2014 highs now at 1.3407
Adding resistance to alleged 1.3400 FX option barriers/defence
Monday's high 1.3396, peaked 1.3399 so far today
Weak USD limits setbacks, but more longs might book if resistance holds
Buying dips still favoured on any pull back, for eventual break higher
Bigger barriers/resistance surround 1.3500 - Dec 2019 peak 1.3516
GBP=D3 Click here
Source:
Refinitiv IFR Research/Market Commentary