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Sep 21 - 01:55 PM

GBP/USD - Slammed Amid Growing Lockdown Fears, Lingering Brexit Stalemate

By Paul Spirgel  —  Sep 21 - 11:40 AM
  • GBP/USD falls hard into Lon fix, -1% at 1.2785, NorAm range 1.2871-1.2779

  • Ramped up UK lockdown fears adds to lingering Brexit woes nL5N2GI0V2

  • Bears eye 1.2763 Sep 11 low, then 200-DMA 1.2727 & daily cloud base 1.2719

  • Below daily cloud mid-July's dbl bottom by 1.2520, June low by 1.2520 eyed

  • Bulls inability to hold abv daily cloud top ushers in capitulation, caps mkt

  • Widening Bolli's hint at pot'l for increased vol amid Brexit, COVID, US elex

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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