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Jan 28 - 12:12 AM

GBP/USD - Range King Into BoE And EU Trade Negotiations

By Andrew M Spencer  —  Jan 27 - 10:05 PM
  • Touch firmer in a low key session, as local stock slumped on virus concerns

  • Tight 1.3052-1.3066 range - EUR/GBP saw and early flurry - 0.8437/44 range

  • Cross flow on EU tells UK it will 'never, never' compromise on single market

  • Disparity in Johnson-Barnier comments suggests tough talks nL8N29W123

  • Massive UK no-deal Brexit ad blitz did not have a real impact nL4N29W1IZ

  • Charts, net negative momentum studies, 5, 10 & 21 DMAs coil-conflict

  • Neutral setup - 1.2948-1.3232 21 day Bolli bands define broad range

  • NY 1.3041 low and London 1.3104 high initial support-resistance

gbp2 jan 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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