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Fades Off Resistance


Bullish Theme, Despite Week’s Weakness


BLOCK, 5Y Sale


MS: Adding An Extra 25bp Hike For May But Keep Existing Cuts Call

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GBPUSD has gained upside momentum,............>

CABLE: GBPUSD has gained upside momentum, following the Juncker headline: "We
can have a Brexit deal" on Sky.
We have a super light calendar for the UK and US today. 
-Court ruling is now only expected sometime next week, with some speculating
likely Monday, but some market participants suggest could also be on Tuesday.
*Technically, price action today will likely stay within ranges as we head
towards the weekend. Further upside conviction would see short term extension to
1.2767 initially. Let's see what sort of outcome we get next week.
-Resistance is at today high 1.2582. Above the latter opens to 1.2606, 1.2632,
1.2669. A Clear break through targets 1.2726 and 1.2767.
-Support moves up to 1.2527 (did trade 1.2518 low today). Below here, opens to
1.2490, 1.2460 and 1.2438 below initially.

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