FX:GBPUSD   British Pound / U.S. Dollar
I release a Weekly Wrapup & Update every week to all my subscribers on my website. I am re-posting it here but in a limited form due to posting restrictions. I am also splitting this post in parts as it is too long to post in one post. So this is Part 1 of this post. Look for Part 2. if you have interest in seeing the rest of it. If you want the complete post including more detailed 4HR charts, please go to my website to get it. Weekly Updates are free. As noted on each pairs update, if there is any additional analysis available on it, it will be available on my website.

So this is one of the pairs that was directed and sharply affected by the Brexit result. And as a result of the LEAVE vote, we saw sterling take a nose dive. But guess what? if you look at the previous week's chart (below left) that is what was expected! Another drop down! Now, I didn't anticipate that large of a drop but another leg down is what was expected to happen. To be 100% upfront, I was expecting that prices would drop BEFORE the vote and then see the vote to REMAIN happen and resultingly to see prices jump UP from there. But leading up to the vote, prices DID NOT drop but instead rose up and never made the expected drop down until AFTER the vote. So that is why I am saying that the chart predicted the LEAVE vote. But now that it's "over", according to the chart, we should be seeing a move back up. Read my Post-Brexit FULL Analysis on this pair: (B) GBPUSD: Post-Brexit FULL Analysis: Brexit Right Down To Support Level (Paid subscription required.)
This is another pair that was directly affected by the Brexit. But again, the Brexit pretty much followed what was expected of it pre-Brexit by my chart analysis. If you look at my 4HR chart from the previous week, you will see that I was expecting that the EURUSD would drop. And that is EXACTLY what happened during the Brexit.
Read my Post-Brexit FULL Analysis: (B) EURUSD: Post-Brexit FULL Analysis: Still In Correction (Basic subscription required. Subscribe here to read it: Get 50% discount Basic Trial offer)
USDCHF No change to the overall projections for what I am expecting to happen in the coming weeks in this pair despite the Brexit. See my Post-Brexit FULL Analysis on USDCHF for details:(F) USDCHF: Post-Brexit FULL Analysis: Still In A Complicated Consolidation (Free post. No Subscription required)
NZDUSD Brexit pushed prices up and out of the contracting diagonal extending the leg E. This is common price action before a reversal. Read my Post-Brexit FULL Analysis: (B) NZDUSD: Post-Brexit FULL Analysis: Rejection At Key Level May Lead To A MASSIVE Fall! (Basic subscription required. Subscribe here to read it: Get 50% discount Basic Trial offer)


Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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