GBP/USD - Brexit scenario - Bearish Bat pattern

FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD             clocked a high of 1.4842 levels today on falling Brexit bets. Cable has priced-in 'Bremain' to a major extent hence upside in case of Bremain could be limited. But this also means Cable could fall sharply on Brexit shock.

This means pair could fall to point C = 88.6% = 1.3950.

We could head higher from there as a lot of cash is waiting to enter the UK markets once Brexit is out of the way. Furthermore., a significant majority also believes Brexit would do good to the UK economy. Hence, prices could head higher to point D = 1.5692 levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out