Brexit Vote to determine if GBPUSD downtrend resumes

20 juin 2018

The break below previous support at 1.32 amid a strong downtrend signals lower prices

Two possible scenarios after today's vote in UK parliament over Brexit
A) former support at 1.32 is resistance and downtrend resumes toward 1.305
B) price closes back above 1.32 signalling a rangebound market and an eventual re-test of 1.347

21 juin 2018

Note

Scenario A) in play -- 1.32 held as resistance, GBP making fresh 7-month lows
Next up: BOE

21 juin 2018

Note

Back over to scenario B) - looking at potential for big weekly reversal with false break below 1.32 and a close back above in a bullish signal

18 juil. 2018

Trade fermée manuellement

Bearish trend in tact but hard to keep open positions because very choppy