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Dec 03 - 08:55 PM

GBP/USD - Fresh 2020 High, But Brexit Brinkmanship Continues

By Andrew M Spencer  —  Dec 03 - 06:40 PM
  • Flat after closing up 0.55%, leading the USD lower with a 1.3500 2020 high

  • Brexit talks continue - usual mixed signals & little progress nL8N2IJ1PD

  • UK to press ahead with Brexit treaty-breaking laws next week nL8N2IJ30Y

  • Brinkmanship will leave little 2021 trust between EU & UK, deal or no deal

  • Charts; momentum studies, daily and weekly 5, 10 & 21 MAs point north

  • Bias remains higher while closes above 1.3280 rising 21 DMA close

  • Next major resistance is last December's 1.3516 2019 high

  • NY afternoon 1.3432-1.3500 range initial support-resistance

For more click on FXBUZ


gbp dec 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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