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Dec 02 - 01:55 AM

GBP/USD - Positive Setup Into Barnier's Brexit Talks Update

By Andrew M Spencer  —  Dec 01 - 10:15 PM
  • Flat, in a 1.3408-1.3427 range, busy once Asia fully opened

  • POLL-UK economy won't hit pre-COVID-19 level for at least 2yrs nL8N2IH2VP

  • Barnier to update bloc on UK trade talks at 0730GMT Wednesday nL8N2IH5FX

  • Tone of Barnier's update will likely be key event risk for cable and EUR/GBP

  • Charts; momentum studies crest - positive daily and weekly 5, 10 & 21 MAs

  • Bias remains higher while well tested 1.3348 10 DMA holds on the close

  • Targets a test of the 1.3481 September and 2020 high

  • Asian 1.3408 and NY 1.3442 high is first support-resistance

For more click on FXBUZ


gbp 3 dec 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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