Kristjantirn

GBPUSD Moment of TRUTH BREXIT

Long
FX:GBPUSD   British Pound / U.S. Dollar
We were expecting the GBPUSD pair to weaken more, but due to the indecition of brexit the gbp got stronger. We are at a crucial point on our daily chart. We might see a breakout of the downtrend and witness the bullish cycle for the GBP. It is all up to the decition of brexit. If the United Kingdome stays in the EU the GBP will breakout and get stronger. If they leave the EU, the downfall will be imminent. Due to recent news we might expect a brekout more, the lack of Theresa May's Brexit is weakening strongly and the support for brexit is falling.
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