With Brexit a few days away, The deal contains new rules for how the UK and EU will live, work and trade together. But we don't know a lot of the detail yet because the full document - expected to be well over 1,000 pages long - has not been released.
What we do know is that it means:
No taxes on each other's goods when they cross borders (known as tariffs)
No...
The level to focus on is 1.3526-1.3549, as this area includes two separate ABC targets from January and February.
A break above that resistance range is needed to assume that a more meaningful rally is perhaps developing.
n the downside if this pair breaks below 1.3170 then it will open door for 1.3000 area. if it breaks below 1.3150 then i will look for my entry...
We could see price test 142.733 area, if price tests and the bounces we can see a lovely little run upto 148.000 area, if price breaks our 142.733 support then the next area of interest is the 141.428 zone which could be used as a turning point for a bullish run.
Our view is price will bounce off our 142.733 support area and make a good run to the upside and...
Hello traders,
As you can clearly notice, sterling has been very volatile already ahead of Brexit vote.
The pair is trading now at 1.284 down 0.17%.
It is already widely expected that PM May will lose the vote tonight, the critical question here is by how much.
A defeat by over 100 votes is considered a major threat to the brexit deal and will drag sterling...
If GBPUSD breaks below recent support, I will be looking for a retest of that level as resistance for a short trade targeting the lows that were seen after the Brexit referendum.
