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Oct 15 - 08:55 PM

GBP/USD - Brexit End Game Under Way, As Charts Turn Negative

By Andrew M Spencer  —  Oct 15 - 07:15 PM
  • Flat after closing -0.85% with an inside day as Brexit & covid news capped

  • EU put Brexit ball in the UK court - UK to respond Friday nL8N2H616G

  • Merkel says some movement on Brexit, after EU summit talks nS8N2AL0B2

  • Social and economic impact of the coronavirus second wave grows nL8N2H61D2

  • Charts; momentum studies, 5, 10 & 21 DMAs crest - negative setup

  • Close below 1.2889 21 DMA, a recent base, would be bearish for next week

  • This week's 1.2865 low and 1.2956-62 5 & 10 DMAs initial support-resistance

    For more click on FXBUZ

gbp oct 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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