If Bremain, 1.50 possible tomorrow and 1.60 next week. If Brexit, first targets are around 1.34.
Beware of the spreads and possible Central Banks interventions!
Good luck!
Comment
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Brexit crushed GBPUSD to 1.30. When the storm calms and all leverages and requirements settle it will be a great opportunity for buying the Cable!
The only good part for the UK in this is that GBP will become yet another safe heaven currency
Trade active
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Shorted GBPUSD at 1.39, targeting 1.30, SL: 1.43
Trade closed: target reached
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Forgot to update this position. Closed at 1.29
The pair has moved up since yesterday and now fully depends on BOE decision on Thursday. Mike Carney hasn´t told anything specific today, "chatting his chat" as Bloomberg said. I expect some partial measures on Thursday: BOE won´t touch the interest rates but will increase their QE. Or vice versa...
Basically, there may be one more wave down, targeting 1.26-1.25 and that will be a very nice moment to buy GBP as a long-term investment!