KrunchieKilleen
Long

GBP/USD TO RISE FROM THIS BOTTOM

FX:GBPUSD   British Pound/U.S. Dollar
113 2 2
There's the bottom! The Great British Pound (following its BREXIT plunge) rises from here. However, for the next few months, the old bottom becomes the new top, perhaps.
Hi there, what TP and SL you looking at with this Long?
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My reasoning was this: the BREXIT referendum changes nothing. There are no changes until notice is served by Britain on the EU and negotiations ensue, with 2 years to agree (minimal) trading and monetary changes. However, what I did not foresee, after the initial down-spike, is the flight of capital from GBP. What happens next? A recession caused by NOTHING YET, or a flow-back of capital as advantage is taken of the lower prices?
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