justaname
Short

BRITISH POUND IS AT THE BEGINNING OF A DOWNTREND, BREXIT DANGER

FX:GBPUSD   British Pound/U.S. Dollar
British pound is in a downtrend from last week, due to dollar's bullishness.
Technican analysis says daily MACD went below signal line, RSI is falling and is convergent with the price, and on DMI             , DI+ went below ADX, signaling the bullish momentum is done and is weakening.
More importantly, is the idea of a BREXIT that comes in mind.
What effect would a BREXIT have?
As shown in this article:
http://www.euroexchangeratenews.co.uk/how-a-grexit-or-a-brexit-could-affect-pound-and-euro-gbp-eur-exchange-rates-in-the-foreign-exchange-market-10492
"If either a ‘Brexit’ or a ‘Grexit were to occur, the Pound Sterling             or the Euro             exchange rates would be likely to sink and may remain vulnerable for some time—especially if economic growth struggles in the fallout. "
Meaning both euro             and pound would go down. Who profits the most? The US dollar             .
But if economic growth continues in both UK and EU, these events will culminate in a stronger currency.

Since lately UK data showed bearish signals last week and current situation in uk is not so good, I think a short position with a target to 1.53 in the next 2 weeks is good.
If it breaks below 50 day EMA, just below 1.53, this could go all the way to 1.50.

Last time dollar was strong, GBPUSD             went to 1.46. Can we see 1.40 in the next couple of months?
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