Brexit political friction continues, with the latest being "Brussels rejects UK's financial services Brexit plan" Cable hasn't reacted to this at all since it came out a few hours ago and either the market is still turning the ignition key for the week or the USD bearish tone is leading the way (probably both). I have been arguing that a cable squeeze is likely medium-term and I still hold my ground on that after a rejection of the 1.30 trading level on Tuesday but could continue to trade on shaky ground with these headlines coming out. Next levels topside are 1.3200 (intraday), 1.3300 (held several times), then 1.3370.
Levels GBPUSD
Supports - 1.3100, 1.3050. Resistances- 1.3155,1.3200,1.3300,1.3370
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