By Randolph Donney — Dec 04 - 02:45 PM
The Brexit talks saga snagged sterling at week's end nL1N2IK1YG
Negotiators say deal not possible, divergences persist nS8N2HE02I
It's not clear whether a call on Saturday could revive talks
Cable was already well off its 1.3540 peak past 2019's 1.3516 high
Ramped up vols and bearish risk-reversals this week show no-deal hedging
Cable down by the down TL from 2007 at 1.3411 it cleared this week
There's some overbought RSI divergence risk as well
If Brexit goes bust, 55- and 100-DMAs & cloud top by 1.3080 are in play
For more click on FXBUZ
Chart Click here
Source:
Refinitiv IFR Research/Market Commentary