GBP/USD continues suffering from downside momentum losing 500 pips in last weeks trading session amid fears of a no deal Brexit.
The UK government acknowledged it could break international law by ignoring some parts of its leave treaty.
MP’s will debate the controversial deal that violates the Brexit agreement & will try find a resolution.
There’s no doubt a deal suits both parties & (PM) Boris Johnson maybe trying to strengthen his hand.
Price has seen an uptick this morning but is this a dead cat bounce rather then a sustained fight back?
Price is currently trading just below resistance at 1.2860 seeing few attempts try & fail since last Thursday. A Break of this level could be significant & lead to further gains towards 1.3000.
In the opposite direction Bulls still have firm control & Brexit uncertainty will continued to weigh on the Pound. The Dollar has gained some broad strength, with no major data out today a lot will hinge on sentiment.
Support: 1.2773 - 1.2729
Resistance: 1.2860 - 1.2903
The UK government acknowledged it could break international law by ignoring some parts of its leave treaty.
MP’s will debate the controversial deal that violates the Brexit agreement & will try find a resolution.
There’s no doubt a deal suits both parties & (PM) Boris Johnson maybe trying to strengthen his hand.
Price has seen an uptick this morning but is this a dead cat bounce rather then a sustained fight back?
Price is currently trading just below resistance at 1.2860 seeing few attempts try & fail since last Thursday. A Break of this level could be significant & lead to further gains towards 1.3000.
In the opposite direction Bulls still have firm control & Brexit uncertainty will continued to weigh on the Pound. The Dollar has gained some broad strength, with no major data out today a lot will hinge on sentiment.
Support: 1.2773 - 1.2729
Resistance: 1.2860 - 1.2903