GBPUSD; Long Term Bearish Scenario Short

British Pound/U.S. DollarFXCM

Description

⋅ Oct 6, 2016 5:59 AM

Cable seems to have long way to go south. After breaking out of the massive range on Brexit fears, the bearish plunge has a target of around parity for this pair. Any upward move could be considered a short opportunity for long term traders.

Good luck,

Ali Sharifazadeh, CFTe