GBPUSD LT Bearish Trend June 2016

FX_IDC:GBPUSD   British Pound / U.S. Dollar
151 5 3
Trend is down
very interesting chart, well done. For the next few days before the referendum, which is your prediction, we are shorting to where? thank you, Harry
Neon harilaos
I have been short GBP since 1.55. Remember, UK is a double deficit country, so currency is at the mercy of foreigners that invest based on expectations of asset inflation/house inflation. So GBP is vulnerable to change in these flows. If referendum is to stay, then I would expect GBP to move up in a corrective fashion for few months before a new down. If it is to leave, then watch out way below. Either way, MT direction is down, question is whether it stops at 1.25 or much lower
Hello, thank for your answer. Knowing the `British quit well, I presume they will prefer to express their uniqueness and Brexit. Anyway, I trade them now because of the referendum and the opportunities involved. Do you think as an expert in the GBP that a target of 1.38-37 before the referendum is realistic or far fetched? thank you in advance, Harry
Neon harilaos
I expect to be <1.40
kind regards
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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