GBP/USD and BREXIT

Gbp/Usd seems has lost it upside momentum, hovering around 1.33 level, break above 1.3360 would send the pair back to its bullish trend. Focus will be on possibility of missing the EU's deadline over the Brexit divorce bill.

The uncertainty with Brexit negotiations continue affect Pound, support level can be found around 1.3420, break below will deeper the bearish correction movement.

Brexit talks are finally getting somewhere, getting a deal, but it does not guarantee a trade deal for March 2019. Pound short term turned to the downside.

Disappointment over Brexit negotiations' progress and now things will require the approval of the UK Parliament are bringing Pound down. Further decline might be expected.

Despite Brexit is making limit progress, Gbp/Usd remains in the positive territory, but short term the pair is showing no clear directional strength.

No major Brexit concerns, for now, Pound focus on BOE expect to increase rates this year.

Pound hits its highest since Brexit, by being overbought territory might cause the pair lose its upward strength and lead to possible correction movement. But there is still higher high on the table, buying interest remains strong.

With US government shutdown and French President Emmanuel Macron suggested the UK might get the special solution put Pounds bullish trend remains intact. 1.3900 act as a crucial resistance level, break above would clear the way to the upside.

The pair is still trading along with a sideways trend between support 1.3975 and resistance at 1.4350. Break above would lead to next resistance target at 1.4600, on the downside 1.3500 act as the crucial support.

Support level can be found around 1.40, break below it would lead to further downside.

Next week Brexit will be back on the agenda, the UK government seems now has an idea of what kind of post-Brexit deal they want, a Canada-style. Market expecting a stronger Pound with softer Brexit.

Pound broke February low as EU harden its stance against any Brexit concessions, raise the question of whether the UK will be able to soften its exit.

Gbp/Usd is testing upside barrier, 1.4000 is critical level before EU urgent Brexit meeting today and follow by Summit scheduled by 22nd and 23rd this week. I would expect the pair continue stuck in a range for now.

GBP/Usd remains bullish due to Brexit transitional agreement and strong UK data. The pair could test immediate resistance at 1.4220 again.

GBP/Usd is holding above the psychological level at 1.40, the pair is missing directional strength at the moment, only next week's macro releases will determine the pair's next directional move.

Last week Carney said that the uncertainties related to the Brexit could delay rate hikes, the news cause Gbp/Usd very bearish, break below the immediate support at 1.3960 could extend further on the downside.

Speculation on the BOE won't raise rates next May will continue to maintain Gbps/Usd strong downward trend. Meanwhile, Brexit could be another reason for Pound under pressure this week.

The pair is lack of directional strength and consolidating on the low. BoE this week and unsettled Brexit strategy within May's cabinet will probably add more pressure on the pair.

The pair is showing very little changes, short-term has no clear directions. Near-term resistance can be found at 1.3617, on the downside, important support lies at 1.3500 and followed by 1.3457.