Where Brexit Will Take GBPUSD As Per Technical Forecast
As Per The Daily Chart Time Frame
GBPUSD
Where GBPUSD Can Be Heading After Brexit is:
-> Strong Support At 1.2700 Level
-> Strong Resistance Downward Trend line
->Breakout above Trend line Will Be Bullish For Pound
->Descending Triangle Formation Breakout below 1.2700 will lead to another 400-500 Pips Downward.
Which Will Good Opportunity For Selling At 1.2700 with Stop 1.2888 for levels of 1.2200 this event can be likely occurred as Bank of England Governor Carney told Brexit will be a Recession For UK so short sellers can enjoy this Opportunity in upcoming days
GBPUSD
Where GBPUSD Can Be Heading After Brexit is:
-> Strong Support At 1.2700 Level
-> Strong Resistance Downward Trend line
->Breakout above Trend line Will Be Bullish For Pound
->Descending Triangle Formation Breakout below 1.2700 will lead to another 400-500 Pips Downward.
Which Will Good Opportunity For Selling At 1.2700 with Stop 1.2888 for levels of 1.2200 this event can be likely occurred as Bank of England Governor Carney told Brexit will be a Recession For UK so short sellers can enjoy this Opportunity in upcoming days
Comment:
200 PIPS Down From Breakout