GBP/USD sell-off continues amid no deal Brexit fears & rising cases of Covid-19 in the UK as further restrictions come into place.
AstraZeneca pauses Covid-19 vaccine trials after a participant’s ‘unexplained illness’, Further developments about the connection to the Drug are awaited.
Broad Dollar strength continues adding further pressure on the Pound now trading at 6 week low with bulls firmly in control.
Traders await the UK Internal Market Bill introduced today at 11.30am for further clarification.
Price is trading just above support at 1.2950 a breach of this level could lead to further loses for the Pound.
German minister Peter Altmaier has stated a Brexit agreement can be reached mostly on the goodwill of both sides. Any positive development could see the Pound retrace towards 1.1308.
RSI on the 4hr is showing well into overbought conditions & signs of exhaustion that may limit the downside.
Support: 1.2950 – 1.2840
Resistance: 1.3050 – 1.3120
AstraZeneca pauses Covid-19 vaccine trials after a participant’s ‘unexplained illness’, Further developments about the connection to the Drug are awaited.
Broad Dollar strength continues adding further pressure on the Pound now trading at 6 week low with bulls firmly in control.
Traders await the UK Internal Market Bill introduced today at 11.30am for further clarification.
Price is trading just above support at 1.2950 a breach of this level could lead to further loses for the Pound.
German minister Peter Altmaier has stated a Brexit agreement can be reached mostly on the goodwill of both sides. Any positive development could see the Pound retrace towards 1.1308.
RSI on the 4hr is showing well into overbought conditions & signs of exhaustion that may limit the downside.
Support: 1.2950 – 1.2840
Resistance: 1.3050 – 1.3120