The market sentiment is down, Theresa May can't renegotiate the Brexit deal, Italy and the EU can't agree on a lower deficit.
Tag - gbp
The main intraday target is the closest resistance area at 1.2695 - 1.2725. If a pullback from these levels happens next...
Watch and find out how to trade EUR/USD and GBP/USD ahead of the ECB statement!
We should watch the nearest resistance at 1.2588 as an intraday target...
On the daily chart of GBP/USD, bears managed to break the support at 1.27 and move the pair out of the triangle.
The market sentiment improved based on an ease of the trade war tensions between China and the US.
There's a 'V-Bottom', so we should watch the nearest resistance at 1.2634 - 1.2661 as an intraday target...
Watch and find out the key levels for EUR/USD, GBP/USD and NZD/USD for today!
Let’s have a look at the economic calendar.
The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...
Trade EUR, GBP, and JPY on December 10
The key question about Brexit now is whether there will a deal between Britain and the European Union or the parties end up without a one.