This is the main question we have been receiving since yesterday in relation to GBP.
We sold the GBP last week and closed 225 pips yesterday, announcing the new levels of support and expecting it to reach them. Even right now, if you want to get into a trade, the better option is sell!
The trend line has been broken, the main levels have been broken and we will look for a decline to the next ones.
The fundamental side of things also shows that things are not looking good for GBP and if something does not change, we will see a new decline. The possibility of Boris Johnson not complying with the agreement with the EU contributed to yesterday's sales.
Will it fall - yes!
When, with what stop and how far you can find out by contacting us.