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Dec 30 - 03:48 AM
GBP/USD - Coming Through The 2019 Brexit-Political Storm
First appeared on eFXplus on Dec 30 - 02:20 AM
  • Heading into the turn and sterling set to record a positive year

  • Big swings and a significant 1.1959 low but currently clear abv 1.2752 open

  • Those watching very long-term charts could highlight a bearish continuation

  • Mthly chart shows strong ichimoku cloud rejection: blunts bullish advantage

  • Weeklies above 200WMA but just held by the Tenkan line at 1.3143

  • Current bull run now targets a 38.2% Fibo at 1.3145, off 1.3516-1.2900

  • Broad based dollar weakness the main driver in a light year-end market




GBP/USD Yearly Candle Chart: Click here

GBP/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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