GBPUSD medium term forecast

FX:GBPUSD   British Pound / U.S. Dollar
Despite Brexit and all the fundamentals around the UK economy, we expect the pound to drop further against Dollar to 1.15 area. This area should provide a good technical support on monthly chart, which is the 1.27 expansion of the 2001-2008 move.

Selling at current levels still provides a good trading profit but you should consider shorter time frames to find better sell entry points.

Good luck trading
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