GBPUSD : Long term view

Good morning traders,

Cable will be under strong bearish pressure unless there´s any statement from BoE or till Brexit referendum on June. Technically after breaking 1.40 we will probably see 1.34 area

I wouldn´t attempt any counter trend till there´s a clear reversal sign

Happy trading

Josep Pocalles

Comment:

We could be heading to target 1.34 till June

Comment:

Hi Traders,

The long term view is completed, the technical picture was warning of a strong downside till 1.32-1.34

We could see a recovery bounce if UK politicians delay their decision in activating 50 Article to exit EU

Have a great weekend