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Nov 30 - 04:55 AM

GBP/USD - Respects Fibo Level As Brexit Time Runs Short

By Rob Howard  —  Nov 30 - 03:05 AM
  • Cable met headwind at 1.3355 after vaulting 1.3344 (Asian session high)

  • 1.3355 is 61.8% Fibo of 1.3399 (Thursday's 12-week high) to 1.3284

  • 1.3284 was pre-weekend four-day low, as Brexit angst weighed on the pound

  • Time is running out for Brexit trade deal, UK minister says nL8N2IG1E3

  • More: nL1N2IF06LnL1N2IE0BI. More GBP/USD offers expected ahead of 1.34

  • 1.3400 = Sept 2 high and a mooted option barrier level nL1N2IA0YF

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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