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Jul 16 - 09:48 PM
GBP/USD - In Technical Trouble Due To Hard Brexit Fears
First appeared on eFXplus on Jul 16 - 07:35 PM
  • GBP/USD dipped below 1.2400 first time in 2 years - ending day 0.89% lower
  • Market pricing in stronger possibility of hard Brexit nL8N24H4UL
  • Broadly stronger USD after better US retail sales adding weight
  • GBP/USD weak technically with next support at 76.4 of 1.1491/1.4377 @ 1.2172
  • Resistance at former support at 1.2439 and the 10-day MA at 1.2504

gbp/usd 1 Click here

gbp 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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