GBP/USD - The Future of The Pound

British Pound/U.S. DollarFXCM

Description

⋅ Oct 7, 2016 5:09 PM

Since the brexit vote we are still selling off, now into the 1.2 levels creating new lows for GBP/USD. In relation to one of my first ever charts posted on TradingView over 7 months ago I stated price would break the lows of 2009 which we seen straight after the brexit vote. The question to be asked now is, what is the future of the pound?

Comments

Honcho

⋅ Oct 13, 2016 3:52 PM

My view is that the Pound is heading for parity with either Euro or USD... Mostly favoring the Euro.

LewisGlasgow

⋅ Oct 13, 2016 6:53 PM

I highly agree with your point, especially regarding the Euro.

tomj2417

⋅ Oct 8, 2016 2:59 AM

Been looking through your posts. Some really interesting stuff. Thanks for posting.

LewisGlasgow

⋅ Oct 9, 2016 11:01 AM

Thank you for commenting :) there is much more to come!

pipstrading

⋅ Oct 8, 2016 10:18 AM

so what is your conclusion? what is the support level to monitor?

LewisGlasgow

⋅ Oct 9, 2016 11:06 AM

Future direction is unclear just now but keep an eye on our 1.28 & 1.35 levels

pipstrading

⋅ Oct 9, 2016 11:19 AM

thank you

LewisGlasgow

⋅ Oct 9, 2016 11:43 AM

You're welcome!