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Dec 28 - 07:55 PM

GBP/USD - Buy The Rumour Sell The Fact On Final Brexit Deal

By Andrew M Spencer  —  Dec 28 - 06:34 PM
  • Flat after closing -0.55% - buy the rumour sell the fact on Brexit deal

  • UK reports record 40,000+ daily number of new coronavirus cases nL1N2J80ZE

  • UK urges business to prepare for end of Brexit transition nL1N2J70CH

  • The level of disruption to trade be key to economic growth forecasts

  • Charts; momentum studies, 5, 10 & 21 DMAs crest or conflict - neutral setup

  • Range holds - 1.3135-1.3625 December range defines the broad parameters

  • 1.3677, 76.4% 2018-2020 fall key resistance - break targets 1.4377 2018 high

  • 1.3429 - 1.3534 New York range is initial support resistance

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gbp dec 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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