EvanJones
Short

Brexit + No interest Hikes for GBP equates to more short selling

FX:GBPUSD   British Pound/U.S. Dollar
39 0 1
The British Pound has been taking a pounding (pardon the pun) in recent weeks.

Chart shown here indicates that if the trend line shown is broken then two targets are on indicated by the two areas marked on the charts. the reason for this is my understanding is the British Bank has ruled out an interest hike this year and with the European vote coming in soon playing on investors minds has given a bearish indication to the pound in recent weeks.

For more information, please sign up to my website which will soon contain a ton of great features for traders: www.ejfxtrading.com
For further analysis on charts, trade setups and education please sign up to my website to find out about some exciting courses that I will be teaching, at www.ejfxtrading.com

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out