Pound / dollar attempted to rise up yesterday with peak at 1.2827, but dropped then closed down to 1.2719. The signals remain bearish for testing at 1.2650 / 00. Resistance for the day is 1.2730, whose breakthrough can take the price to a neutral zone with testing at 1.2825. I still prefer the bear camp and any bullish pressure should be seen as a normal move and a good sales opportunity.
GBP/USD is aiming higher although closing at 1.2749, which is marginally lower for the past week and down for a sixth consecutive one. The momentum on H4 is still heading higher and RSI currently at around 52, rather reflecting the bounce from the low set at 1.2661 than suggesting further gains ahead.
The government is to begin publishing its Brexit technical notices, prepare the UK consequences of crashing out of the EU without a deal on Thursday. With the high risk of ''no deal'' from Brexit negotiation, Pound continues to perform to the worst.
GBP/USD is aiming higher although closing at 1.2749, which is marginally lower for the past week and down for a sixth consecutive one. The momentum on H4 is still heading higher and RSI currently at around 52, rather reflecting the bounce from the low set at 1.2661 than suggesting further gains ahead.