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Dec 08 - 11:55 PM

GBP/USD - Trades At Familiar Levels Amid Budget, Brexit Fallout

By Andrew M Spencer  —  Dec 08 - 10:05 PM
  • Steady at the base of a 1.2734-1.2750 range - occasional FX Matching flow

  • Fin Min Reeves to push for UK/EU reset at the finance ministers' meeting

  • Reducing UK's trade barriers with the EU will improve the growth of both

  • Demand for UK workers crashes after the tough budget, REC survey

  • Techs - neutral daily momentum studies, 21-day Bollinger bands contract

  • 5, 10 & 21-DMAs conflict - neutral daily setup, weeklies still bearish

  • Last week's 1.2619 low, then the 1.2475 November trend low initial supports

  • Friday's 1.2810 top then 1.2841, 0.382% September/November fall resistance

  • A close above 1.2841 would end the September-November downtrend

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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