GBPUSD - Down to the 1.34200!
-GBP/USD reverses Friday’s rebound, two-month lows back in sight.
-Cautious BOE, USD bounce and Brexit woes weigh on the cable.
-Bearish daily RSI points to more weakness on the cards.
-The mixed market sentiment combined with escalating Brexit concerns take the wind out of GBP/USD brief recovery from two-month lows of 1.3424 reached Friday. Brexit News: UK appears set to trigger Article 16
-A daily closing below the support line could fuel a fresh drop towards the 1.3411 September lows. Further south, the 1.3400 round number could be threatened.
Credits: D. Mehta
-Cautious BOE, USD bounce and Brexit woes weigh on the cable.
-Bearish daily RSI points to more weakness on the cards.
-The mixed market sentiment combined with escalating Brexit concerns take the wind out of GBP/USD brief recovery from two-month lows of 1.3424 reached Friday. Brexit News: UK appears set to trigger Article 16
-A daily closing below the support line could fuel a fresh drop towards the 1.3411 September lows. Further south, the 1.3400 round number could be threatened.
Credits: D. Mehta
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