- GBP/USD rebounds off 21-HMA support.
- Resistance still seen at1.3300.
- Latest Brexit headlines suggest stalemate still exists.
GBP/USD once again failed to break above1.3300 and quickly dropped 40-pips from session high of 1.3287 after disappointing Brexit headlines.
There has been no breakthrough on Brexit talks. Fisheries, state aid and governance remain key sticking issues.
GBP/USD bounced off 1.3250 the 21-hourly moving average (HMA) support to near 1.3265 region, as of writing.
The hourly Relative Strength Index (RSI), is at 51.91, having turned higher, rebounding off from the midline. The RSI rebound is an encouraging sign for the bulls.
1.3300 is the next target should the pair push past the daily high at 1.3287.Beyond that 1.3313, high from November 11 and November 18 comes into target.
A fall below 21-HMA support could open the door to 1.3241 (100 HMA).
Further south, the 200-HMA at 1.3220 is the key level.