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It's been a choppy day with GBPUSD's..........>

CABLE: It's been a choppy day with GBPUSD's trading range almost 2.5 big figs.
- GBPUSD moved as high as 1.2990 this morning on the back of initial comments
from Barnier that a Brexit deal had been agreed, followed by confirmation from
other sources. This marked the highest level for the pair since May 13, when
former PM Theresa May was trying to salvage her deal through negotiations with
the Labour party.
- However, GBPUSD began to pare its gains initially on headlines that the DUP
would not support the deal due to concerns over VAT and consent. GBPUSD took
another leg lower shortly after the NA open on the back of further headlines
from the DUP that the UK parliament's Saturday vote on the deal would "only be
the start of a long process". GBPUSD reversed its gains and headed back toward
the lows of the day, just above 1.2750.
- We now sit at 1.2815 and the technical picture for GBPUSD remains bullish.
Momentum indicators are moving back away from overbought territory with the RSI
falling back below 70 at the time of writing. 1.30 remains a psychological
target with the 200-dma providing support at 1.2714.

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