Cable nears 1.3000 as pound keeps firmer on the session
The pound stays underpinned on Brexit hopes
With Brexit talks still expected to resume later in the week and rumours of the UK looking to tweak its internal market bill to make room for a compromise, the pound is getting a further lift to start the new week with cable now nearing 1.3000.
Buyers have broken earlier near-term resistance to establish a more bullish bias with the likes of GBP/JPY also seeing a more bullish development with price action there breaking above its key daily moving averages @ 136.38-54 to 136.89 currently.
However, this is where the challenge gets a bit more stern for the pound, with cable nearing the key 1.3000 handle – a psychological level – and also the daily trendline resistance from the 1 September high to 12 October high, seen at 1.3017.
Those will be some key levels to watch ahead of the close before getting towards the resistance region from last week @ 1.3064-83.
As much as there is hope for a Brexit deal to be struck, avoiding an immediate result of a no-deal outcome doesn’t really get us closer to a compromise just yet.
Hence, the relief for the pound may be short-lived if there are further setbacks to Brexit negotiations in the coming days/weeks once again.
As things stand, it is all headline risk still for the pound at this point in time but the latest developments are granting some reprieve for the quid to build on.
But unless those key technical levels above start to give way, gains may be more measured from hereon until we get further hints on how Brexit talks are playing out.
Source: Technical analysis
Comments (60)
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Here you will find 58198 more Info to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Here you will find 42321 additional Information to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] There you can find 19088 additional Info on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Here you will find 21871 more Info on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Here you will find 17595 more Information to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Here you can find 11724 more Information on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] There you will find 96184 more Info on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
Hi there too every one, the contents existing at this web age are escort in Ballygunge airhostess fact awesome for people knowledge,
well, keep up the nice work fellows.
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
… [Trackback]
[…] There you will find 80473 additional Info to that Topic: dayfinanceltd.com/cable-nears-1-3000-as-pound-keeps-firmer-on-the-session/ […]
I appreciate you sharing this blog.Really looking forward to read more. Really Great.
As I website owner I believe the content material here is really good appreciate it for your efforts.
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
You re so awesome! I don t believe I have read a single thing like that before. Watch bbc فارسی
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
I appreciate you sharing this blog post. Thanks Again. Cool.
Good post! We will be linking to this particularly great post on our site. Keep up the great writing
162440 177204The book is great, but this review is not exactly spot-on. Being a Superhero is far more about selecting foods that heal your body, not just eating meat/dairy-free. Processed foods like those mentioned in this review arent what Alicia is trying to promote. In the event you arent open to sea vegetables (and yes, Im talking sea weed), just stop at vegan. 524726
938569 486235Yay google is my king aided me to uncover this outstanding website! . 394232
I appreciate you sharing this blog,Really looking forward to read more. squid tv dubai racing
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://accounts.binance.com/sl/register?ref=UM6SMJM3
Scrap metal processors Aluminium scrap reusability Scrap metal recovery of aluminum
Scrap metal recycling services, Aluminum cable scrap inventory management, Metal processing services
Scrap metal reprocessing and recycling Aluminium recycling optimization Aluminium scrap community engagement
Scrap metal reconditioning, Aluminum cable scrap market, Metal waste reduction strategies
Metal reclaiming and recycling Aluminium scrap streaming Scrap aluminium processing techniques
Metal salvaging, Aluminum cable scrap weights, Metal waste recycling plant
Metal recycling and repurposing Aluminium stamping recycling Aluminium scrap identification
Scrap metal processing facility, Recycling regulations for aluminum cable scrap, Scrap metal reclamation and trading
Metal waste reclaiming services Aluminium recycling process optimization Aluminum siding scrap
Metal waste recycling services, Granulation and processing of aluminum cables, Industrial metal salvage
27858 839433There is going to be several completely different portions about the LA Weight reduction eating program and one is really critical. Begin stage is your truly truly of these extra load. weight loss 843216
Scrap metal reclaiming Scrap metal regenerating solutions Iron waste management center
Ferrous scrap transportation regulations, Iron and steel scrapping and recuperation, Advanced metal recycling
701555 166436My wife style of bogus body art were being quite unsafe. Mother worked with gun very first, following which they your lover snuck free of charge upon an tattoo ink ink. I was certain the fact just about every ought to not be epidermal, due to the tattoo ink could be attracted from the entire body. make an own temporary tattoo 853754
Scrap metal certificates Ferrous material recycling supply Iron scrap recovery facilities
Ferrous material contracts, Iron scrap reclaiming facility, Scrap metal remelting
Metal reclaiming process Ferrous material occupational safety Iron scrap storage services
Ferrous material handling equipment, Iron and steel scrapping yard, Metal recovery and recycling solutions
143823 220864Quite interesting subject , appreciate it for posting . 141654
506872 899061An interesting discussion is worth comment. I do think that you really should write read a lot more about this subject, it will not be considered a taboo subject but generally everyone is too few to communicate in on such topics. To another. Cheers 863703
Metal reclaiming and utilization center Ferrous waste processing Iron waste repurposing center
Ferrous material recycling cost-effective solutions, Iron and steel scrapping and reclamation services, Scrap metal collection center
This information is priceless. Where can I find out more?
521536 444623Thanks for helping out, outstanding details. 343364