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Refinitiv
Jan 23 - 08:36 PM

GBP/USD - Stalled Below Key Resistance, As Hard Brexit Lingers

By Andrew M Spencer  —  Jan 23 - 06:15 PM
  • -0.05% after closing off 0.1%, dragged lower by EUR on ECB nL8N29S0IU

  • Diplomats cannot rule out a hard Brexit in the tight timetable nL8N29S59W

  • Choppy consolidation likely into EU Brexit negotiations in March

  • Charts - momentum studies, 5, 10 & 21 DMAs edge higher at familiar levels

  • Modest positive setup, sustained 1.3158 break, 61.8% Jan/Dec fall to confirm

  • 1.3096-98 21 DMA and NY low and this week's 1.3153 high support-resistance

  • 1.3100 372M and 1.3150 360M strikes likely contain in Asia

gbp jan 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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