Our suggestions: Although H4 and daily structure suggests that this might be the better path to take today, buying this market is not something our team will be taking part in. The reason being simply comes down to the large weekly surrounding current price at 1.1533-1.1278.
To our way of seeing things, the more concrete zone to be looking for trades is seen between 1.1410/1.1392. This area is formed by two H4 Quasimodo resistance lines, coupled with a psychological number lodged in between at 1.14. Additionally, it is also housed within both the aforementioned weekly and daily barriers (see above); therefore the chance of a reversal from here is much greater in our opinion. Despite all of the above our team will, even if price strikes the 1.1410/1.1392 region today, likely pass on selling from here since price action is potentially going to be very ugly due to the UK voting taking place today.