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Dec 15 - 04:55 PM

GBP/USD - Staged And Ready For Brexit Deal Uptrend Resumption

By Randolph Donney  —  Dec 15 - 02:35 PM

  • Cable threatening to post its second-best close of the year

  • Top honor currently goes to the Dec. 3 1.3448 closing high

  • Rebound from last week's Brexit fear dive nears 1.3450 trend highs

  • The 1.3450/135 December pullback now looks like an ABC correction

  • Latest buzz from UK lawmakers points to a Brexit deal nL1N2IV1JY

  • EU and UK seen wanting to avoid damage of no-deal amid COVID-19 costs

  • Close past Dec's 1.3540 peak targets L-T Fibos at 1.3621/4342

  • The 1.4342 Fibos is by 2018's twin peaks at 1.4346/377

  • Fed seen doing their part Wednesday to keep dollar under pressure

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Source:
Refinitiv IFR Research/Market Commentary

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