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Dec 10 - 08:55 PM

GBP/USD - Fall Within Recent Ranges Into Sunday's Brexit Finale

By Andrew M Spencer  —  Dec 10 - 06:55 PM
  • Touch firmer after closing -0.8%, as no deal Brexit fears grow nL8N2IQ1UF

  • Dip leaves cable within recent ranges, daily charts still show mixed signals

  • Trucks stack up for miles near southern English port pre Brexit nL8N2IQ66X

  • Charts; daily momentum studies edge lower, 5, 10 & 21 DMAs conflict

  • Neutral signals suggest further consolidation into Sunday's Brexit deadline

  • 1.3210 38.2% of the Sep/Dec bounce remains initial key support

  • Last week's 1.3540 trend high is the first significant resistance

  • NY 1.32451.3320 range is initial support-resistance

    For more click on FXBUZ

gbp dec 11 Click here

Source:
Refinitiv IFR Research/Market Commentary

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