Key Statements
24-hour see: "GBP climbed at first to a high of 1.3150 however Brexit features after NY close sent it falling to 1.3030. In spite of the speedy skip from the low, it is too early to anticipate a supported bounce back. GBP is bound to unite and exchange sideways to marginally bring down from here. Anticipated range, for now, 1.3010/1.3130".
Next 1-3 weeks: "GBP rose to 1.3150 yesterday, just underneath the 1.3160 'key opposition'. The resulting pullback from the high and the sharp drop after NY close (low of 1.3030 at the season of composing) proposes that the close term hazard is as yet tilted to the drawback. As featured yesterday (01 Apr, spot at 1.3025), the "danger of a break of 1.2950 has expanded" and would keep on expanding except if GBP can move over the 'key opposition'. Looking forward, a break of 1.2950 would recommend GBP has space to move to 1.2880".