Brexit uncertainty hits GBPUSD


The above is a daily chart. Cable has run into overhead resistance. Today’s price action (still to complete) is severe to the downside. Brexit uncertainty still abounds and each day brings a new and different headline. If price continues down over the next few trading sessions, we may see a double top charting (green ellipses). Today’s headline indicates the several cabinet minister may resign if Prime Minister May agrees to keep the UK in a customs union without a defined exit date. The 27 Nov has been pencilled in as a Commons voting date on a Brexit deal.

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