jasperlawler
Short

Brexit Vote to determine if GBPUSD downtrend resumes

FX:GBPUSD   British Pound / U.S. Dollar
The break below previous support at 1.32 amid a strong downtrend signals lower prices

Two possible scenarios after today's vote in UK parliament over Brexit
A) former support at 1.32 is resistance and downtrend resumes toward 1.305
B) price closes back above 1.32 signalling a rangebound market and an eventual re-test of 1.347
Jun 21
Comment: Scenario A) in play -- 1.32 held as resistance, GBP making fresh 7-month lows
Next up: BOE
Jun 21
Comment: Back over to scenario B) - looking at potential for big weekly reversal with false break below 1.32 and a close back above in a bullish signal
Jul 18
Trade closed manually: Bearish trend in tact but hard to keep open positions because very choppy
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