nch
Short

Going South ahead of Referendum

FX:GBPUSD   British Pound/U.S. Dollar
102 0 6
Since March the pair is in channel, indicated with blue lines (marked on daily TF)

For a week the channel has been broken and this Friday the price reached the channel boundaries again, which indicate of bearish move (retracement of the channel)

There are further indications about this:
1. The price is in 50-61.8 retracement
2. The zone already act as support and resistance couple of times in the past
3. Retracement up to the channel

And mainly the referendum poll results are in favour for Brexit.

If the people decided leave, I think a major drop could happen for British poind
If the people decided to remain the price could go up, but I think it will stay within the channel.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out