GBP/USD - Being squeezed, brexit will decide the route...
- GBP/USD is being squeezed narrower and narrower between both an ascending trend-line acting as support
as well as a descending trend-line acting as resistance
- With the flurry of brexit news, both good and bad coming out daily/weekly there has been a lot of volatility in this pair
as of recent
- Brexit still the deciding factor as to which route (bullish/bearish) this pair chooses.
- Watch for a solid break and close above each respective trend-line to justify entering a long/short position
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
as well as a descending trend-line acting as resistance
- With the flurry of brexit news, both good and bad coming out daily/weekly there has been a lot of volatility in this pair
as of recent
- Brexit still the deciding factor as to which route (bullish/bearish) this pair chooses.
- Watch for a solid break and close above each respective trend-line to justify entering a long/short position
THIS IS NOT TRADE ADVICE NOR A TRADE CALL