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Sep 16 - 09:48 PM
GBP/USD - Johnson Aggravates EU Rather Than Negotiates
First appeared on eFXplus on Sep 16 - 07:30 PM
  • Flat after closing off 0.6% - USD led, as EUR/GBP closed little changed

  • Johnson talks up progress in Luxembourg Brexit talks nL5N26723A

  • Luxembourg PM Bettel says Johnson offered no serious policy nL5N2674P0

  • Boris is in election mode - sound bites for the voters, not negotiations

  • Despite dip, momentum studies conflict, 5, 10 & 21 DMAs rise, positive setup

  • Close below 1.2360 10 DMA, a base last week, would undermine topside bias

  • NY 1.2399/1.2468 range is initial support/resistance - 1.2435 214M strikes























gbp sep 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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