glennhowell

GBPUSD | Looking strong leading up to Brexit

Long
FX:GBPUSD   British Pound / U.S. Dollar
914 views
6
As Brexit appears to enter its final stage, Cable is looking ready to take on all-comers.

Starting the month at just under 1.2300, the pair now trades above 1.2800 - holding a 500 pip gain currently.

Of course the right question to ask is where to now?

My bullish bias remains solidly intact above 1.2750. I'm still a bull above 1.2550; only closes below the latter would turn me short on the pair.

However, we're probably in for a rough ride. I think a spike down to 1.2550 is extremely likely. I will be looking for signs of bulls stepping in at that level to join in a long recovery.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter