GBPUSD to Remain Volatile into Sunday Brexit Meeting

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The GBPUSD currency pair continues to trade volatile, in reaction to the Brexit trade talks.

Both the EU and the UK have until Sunday to finalize the deals. We expect the GBPUSD will therefore continue trading mixed into the weekend.

For the moment, consolidation is taking place near the 1.3300 level of support.

If price action closes firmly below this level, then further downside is possible. The bias remains completely mixed at this point.

To the upside, GBPUSD will need to retest the 1.348 – 1-3500 level. Only a strong close above this level could confirm further gains.

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