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Sep 14 - 05:55 AM

GBP/USD - Up To Eye Friday High Before MPs Debate Brexit Plan

By Rob Howard  —  Sep 14 - 04:50 AM
  • Cable eyes 1.2866 after vaulting the peak of its 1.2785-1.2830 Asian range

  • Ascent precedes Commons debate on PM Johnson's plan to break Brexit treaty

  • See: nL8N2GB0MW. 1.2866 = Friday's high (after drop to 1.2763, 7-week low)

  • Offers may emerge pre-1.29 if GBP/USD extends north: 1.2885 was Sept 9 low

  • 1.2925 (55DMA) is a resistance level beyond the figure nL1N2GB04X

  • IMM specs reduced gross GBP shorts by a fifth in week to Sept 8 nL1N2GB050

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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