FX:GBPUSD   British Pound/U.S. Dollar
217 1 9
A friend of mine recently pointed out that if the Brexit vote was to unfold then what were the implications to the Cable or GBPUSD             .

Looking on a higher timeframe (2 weekly) a clear Head & Shoulders pattern has emerged indicating that GBPUSD             on the break off the neckline would drop and a potential target would be towards parity with the US Dollar             . Of course, if the Brexit vote means the UK remain within the UK then this may become a false pattern, however the scenario and build up implies this pattern will be obeyed.

Sell stops could be placed below the neckline at 1.3682 for a target of 1.0. That's OVER 3500 PIPS!!! or decline of 26.75% a move only seen on the Swiss Franc             early in 2015.

For more information please visit and sign up to my web page which should be released soon: http://www.ejfxtrading.com
Just to make you aware traders, there is a long term plan which on the back of Brexit is feeding this trade setup so bear in mind this pair looks to be heading for parity!
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