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Thomson Reuters
Jun 11 - 09:48 PM
GBP/USD - Faces Torrid Week As UK Votes On May's Brexit Plans
First appeared on eFXplus on Jun 11 - 07:15 PM
  • GBP/USD opens 0.2% lower in Asia, weighed down by soft IP and trade data
  • Crucial week for May's Brexit plans with key votes Tues/Weds nL8N1TD2IW
  • S/t MAs and momentum studies turning lower, weighing on cable
  • Close below 10 DMA at 1.3364 would suggest next leg lower underway
  • Monday's 1.3345/1.3441 range initial support and resistance
  • EUR/GBP opens 0.3% higher as Italian situation settles down a bit

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