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Nov 15 - 07:55 PM

GBP/USD - A Big Week - Brexit End Game And COVID-19 Battle

By Andrew M Spencer  —  Nov 15 - 06:15 PM
  • -0.1%, opened -0.3%, as PM self-isolates after COVID-19 contact nL9N2G5009

  • Brexit end game this week - breakthrough needed for a deal nL1N2I1069

  • Turmoil in PM's inner circle may open door to Brexit compromise nL8N2HZ1NH

  • End of lockdown did little for incomes of UK's hardest-hit - nL8N2I10CV

  • Charts; momentum studies conflict, 5, 10 & 21 DMAs climb net positive setup

  • 1.3283 upper 21 day Bolli band and last week's 1.3322 high major resistance

  • Close below 1.3074/75, 21 DMA and 38.2% Sep-Nov rise would be bearish

  • Earlier 1,3170 Asian low and 1.3200 NY close initial support-resistance

For more click on FXBUZ


gbp nov 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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