GBPUSD - Brexit continues to push the economy down.

My play is to short after the break of the 4-hr 200 EMA down to the 1.2842 50% Fib level. Keep a wide stop as we likely will see a bit of elasticity before a full break.

Commentaire:

GBP taking a beating from USD! The RSI is over extended and looking for a small bounce off the Fib level after the RSI touches back into the range. We are looking for short with a profit target at the next fib level.