GBP/USD’s Overhead Resistance Holds As Article 50 Extension Vote Passed

The below is the daily chart of the GBPUSD. On Wednesday cable moved aggressively up to challenge overhead resistance around the 1.3360 level (red shaded horizontal). This move was prompted by Wednesday’s UK parliamentary vote which rejected a “no-deal” scenario with the EU. However, resistance has held. Last night was the third UK parliament vote for the week, where a majority voted in favour of an extension to the Brexit deadline.
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Author

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

















