Long consolidation in GBP/USD followed by a vote and a crash.
Long consolidation in GBP/USD, followed by,
in June 2016, the UK public voting to leave the EU.
Direct consequence: sustained downturn of the GB Pound,
halted on around March 2017, when the UK tells the EU:
"We are leaving in two years."
After a sigh of relief, the GBP rising somewhat, this upturn
has stalled and the Pound, once again, is heading lower.
We now reach a price point, as low as the worst low seen in the last 2 years.
The main indicator we are using is giving us signs that, from this most recent low, GBP can easily go lower
or much lower.
Buyer's beware: if you buy Pounds, make certain you are well aware of all possible scenarios.
I am not suggesting that you sell GBP heavily, but that,
if your outlook is long term, be aware that we are currently
in negative territory and could go deeper into it.
F. Normandeau
in June 2016, the UK public voting to leave the EU.
Direct consequence: sustained downturn of the GB Pound,
halted on around March 2017, when the UK tells the EU:
"We are leaving in two years."
After a sigh of relief, the GBP rising somewhat, this upturn
has stalled and the Pound, once again, is heading lower.
We now reach a price point, as low as the worst low seen in the last 2 years.
The main indicator we are using is giving us signs that, from this most recent low, GBP can easily go lower
or much lower.
Buyer's beware: if you buy Pounds, make certain you are well aware of all possible scenarios.
I am not suggesting that you sell GBP heavily, but that,
if your outlook is long term, be aware that we are currently
in negative territory and could go deeper into it.
F. Normandeau