100 and 200 hour MA between extremes
The GBPUSD remains in the 3+ day range that has contained the price action.
ON the downside, the 1.31566 is the lower extreme.
On the topside, the 1.3245 and then 1.3260 are the upper extremes.
Between the extremes are the 200 and 100 hour MA at 1.3212 and 1.31824. The price in the NY session has remained above the 100 hour MA (blue line), and traded above and below the 200 hour MA (green line). The current bar has so far held that MA line at the low.
Something will give at some point. Generally speaking a No-deal is bearish. A deal is good. Of course what goes on in Parliament is one step. If there is ultimately something agreed among lawmakers, it has to be passed unanimously by the EU27.
Waiting and seeing but the market price is not showing a hand/bias.
