Market Update: December 28
GBPUSD continues to oscillate around the critical 1.3500. A gap higher on perceived positive Brexit news was followed by weakness throughout the day…a classic ‘sell the news’ dynamic. 1.3500/25 remains proposed resistance. The top of this zone is a high volume level. Near term focus remains towards 1.3100ish. The level is defined by trendlines and is just under the 12/11 low.