GBP/USD

Sep 4, 2018
64
0
6
Once again, Brexit headline that suggested the EU and the UK have moved further to reach a deal drive the pair to 1.3150 level. The pair currently consolidating its gains, as long as it holds above 1.3100 level, Pounds could still be targeting 1.3200.
 
Sep 4, 2018
64
0
6
GBP/Usd is consolidating lower to 1.3150 level, I'm expecting the pair would fall further on Brexit disappointment, the negotiations between the UK and EU are slower than expected.
 

hatemypips

Active member
Nov 11, 2014
210
2
28
GBP/Usd is consolidating lower to 1.3150 level, I'm expecting the pair would fall further on Brexit disappointment, the negotiations between the UK and EU are slower than expected.
Yeah but I think it's a final roller coaster, after touchdown at 1.30 it will bounce higher as negotiations has fewer and fewer spats on the agenda
 
Sep 3, 2018
76
0
6
EU Diplomats say that a deal was not reached on the weekend because the UK wants a UK-wide customs deal, and they are ready to restart talks when things calm down in London. What that even means "wide customs deal"?
 
Sep 4, 2018
64
0
6
GBP/Usd has recovered the bearish gap but the upside is limited to 1.3182 the immediate resistance level. Although GBP/Usd is still consolidating in the negative territory, the direction of this pair will be dominated by Brexit news.
 

Pat494

Well-known member
Mar 27, 2004
13,031
1,219
223
EU Diplomats say that a deal was not reached on the weekend because the UK wants a UK-wide customs deal, and they are ready to restart talks when things calm down in London. What that even means "wide customs deal"?
This imho will make a hard brexit probable. But let's hope they keep some things like Interpol and science cooperation going.
 
Sep 3, 2018
76
0
6
The FOMC Minutes hammered good the cable, I see it running down to 1.3020 again.
 
Sep 4, 2018
64
0
6
Once again disappointing Brexit news sent GBP/Usd straight down to near 1.30 level. Well, the negotiation continues. Support level can be found at 1.3010, break below would give the pair more pressure on the downside.
 
Sep 4, 2018
64
0
6
The pair has dropped to the lowest point in 2 weeks, as long as GBP/Usd stay below 1.30 level, the negative momentum would be expected to continue.