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Nov 19 - 09:48 PM
GBP/USD - Rally Sputters But Longs Not All Washed Out Yet
First appeared on eFXplus on Nov 19 - 08:00 PM
  • GBP/USD rally squashed after mixed post-debate poll nL8N27Z6HR

  • But further upside can't be ruled out yet, if 1.2920 support holds

  • Base of Bollinger uptrend channel key to keeping bulls in the game

  • Failure to defend 1.2920 exposes possible correction to 1.2834

  • PM Johnson still favored to win Dec election, should boost GBP

  • But no-deal Brexit still a possibility as time runs short

Refinitiv IFR Research/Market Commentary


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