On the GBPJPY we are waiting patiently for price action to confirm the downside momentum as we await the UK open.
So far so good we are just waiting for a new low at 133.4.
AUDUSD has nice confluence of multiple timeframe zones with the Weekly and Daily timeframes and a good second pullback to the supply zone. The other nice thing about this is the trendline to the downside.
UK EU Referendum (Brexit) vs Scottish UK Referendum Price Action Forecast:
- We will use the difference in ATR and volatility between the 3-day run up into UK EU Referendum (UER) and the Scottish UK Referendum (SUR) in order to forecast what we expect price action to show on the 22nd, 23rd and 24th.
2014 SUR 3-DAY EVENT (17,18.19)
1. 1-Period ATR for the...
