GBP/USD remains depressed, refreshes intraday low amid Brexit, virus woes. Downside break of 200-HMA also favors the sellers despite oversold RSI conditions. GBP/USD stays offered around the intraday low of 1.3363m, down 0.86% on a day, during early Monday. In doing so, the Cable extends Friday’s losses amid fears of a no Brexit deal in 2020 and the new covid variant outbreak. Read: Brexit extension anticipation back on the cards The resulted moves have recently broken 200-HMA, which in turn directs GBP/USD sellers toward 61.8% Fibonacci retracement of December 11-17 upside, near 1.3320. During the quote’s further weakness past-1.3320, the mid-December low near 1.3280 and the monthly bottom surrounding 1.3135 should return to the charts. Meanwhile, an upside clearance of 200-HMA, at 1.3407 now, need RSI recovery to regain the 1.3500 threshold. Furthermore, any extended north-run past-1.3500 will refresh the month’s peak, also the highest since May 2018, near 1.3630. GBP/USD daily chart Trend: Further downside likely FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Futures wobble around 3,700 as US stimulus news combat Brexit, virus woes FX Street 2 years GBP/USD remains depressed, refreshes intraday low amid Brexit, virus woes. Downside break of 200-HMA also favors the sellers despite oversold RSI conditions. GBP/USD stays offered around the intraday low of 1.3363m, down 0.86% on a day, during early Monday. In doing so, the Cable extends Friday’s losses amid fears of a no Brexit deal in 2020 and the new covid variant outbreak. Read: Brexit extension anticipation back on the cards The resulted moves have recently broken 200-HMA, which in turn directs GBP/USD sellers toward 61.8% Fibonacci retracement of December 11-17 upside, near 1.3320. During the quote’s further weakness past-1.3320, the mid-December… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
