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Sep 13 - 08:55 PM

GBP/USD - Poised Above Key Support As Brexit End Game Nears

By Andrew M Spencer  —  Sep 13 - 07:05 PM
  • Little changed in Asia after consolidating last week's 3.6% fall on Friday

  • EU and UK car makers warn of 110 billion euro hard Brexit bill nL4N2G907D

  • UK Brexit negotiator - EU may not accept food imports from UK nL9N2ER03W

  • No deal Brexit makes no sense, but UK seem driven by ideology not economics

  • Techs; 5, 10 and 21 DMAs fall, 21 day Bollinger bands expand - bearish setup

  • 1.2786 lower 21 day Bolli band suggests market still oversold short term

  • Major 1.2721-1.2137 support in view, 61.8% Jun-Sep rise and 200 DMA

  • London 1.2763-1.2866 range is initial support-resistance

For more click on FXBUZ


gbp sep 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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