GBPUSD Outlook: Pound eases on profit-taking/Brexit news
|GBPUSD
Cable dipped to session low at 1.3206, trimming some gains, as traders booked profits after three-day rally. Also, comments from PM May about customs union which is a big issue in divorce talks, weighed, as pound last sharp fall on 21 Sep was triggered when May talked about Brexit. As mentioned in the previous report, 1.32 zone marks solid support and so far contained dip which is seen as consolidation ahead of final push higher, as overall sentiment is positive on strong hopes on signals that Brexit deal could be reached on EU summit next week. Dip-buying remains favored, although stronger dips on week-end profit-taking, cannot be ruled out.
Res: 1.3246; 1.3257; 1.3276; 1.3297
Sup: 1.3206; 1.3170; 1.3154; 1.3133
Interested in GBPUSD technicals? Check out the key levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.