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Dec 02 - 10:55 PM

GBP/USD - Busy But Little Changed As Brexit End Game Looms

By Andrew M Spencer  —  Dec 02 - 09:55 PM
  • Flat - busy 1.3353-1.3380 range - strong EUR/GBP volumes 90.54-90.66 range

  • Brexit trade deal is possible in next few days - BBC nL8N2II5Y5

  • BBC uses sources, but has more credibility than most news outlets

  • Door open for a Brexit deal - sterling could fly - nL1N2II3C8

  • Charts; momentum studies, daily and weekly 5, 10 & 21 MAs head north

  • Bias remains higher while 1.3277 21 DMA holds on the close

  • 1.3481 September and 2020 high is the initial longer term target

  • Cresting 1.3449 upper 21 day Bolli band likely resilient resistance

    For more click on FXBUZ

gbp 3 dec 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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