TECHNICALS:
Daily: Resistance at 1.2450 - 1.2500 that would take a strong sell-off (unlikely) in USD to break. Current levels align with the 61.8% Fib level as well.
1-hour: Bearish RSI divergence and selling pressure emerging this morning.
FLOWS: Very bearish on GBP
NEWS THEMES: Negative Brexit headlines could push the pound lower.
CORRELATIONS: Yield differentials point lower.
Daily: Resistance at 1.2450 - 1.2500 that would take a strong sell-off (unlikely) in USD to break. Current levels align with the 61.8% Fib level as well.
1-hour: Bearish RSI divergence and selling pressure emerging this morning.
FLOWS: Very bearish on GBP
NEWS THEMES: Negative Brexit headlines could push the pound lower.
CORRELATIONS: Yield differentials point lower.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.