Rarely wrong on cable, as I mentioned yesterday, market in potential Head & Shoulder formation managed to hit the market with first drop so far toward 1.4325 level where market back to advance from intraday uptrend level.
GBP/USD
Overview: Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this H&S formation may drive market lower toward 1.3950 zone, where below 1.4325 expect farther drop along with this formation
Above 1.4515 market may enter new advance channel that may lead higher to test 1.4600-70 zone.
Hey Banker, hope u well.. just a quick one, if i may...do u see this pair still headed back down? or the all Brexit is all priced in already so we gonna kind of stuck here untill 23th JUne?
thank you for your answer in adv.
TheBanker
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23rd of June is going to be key, I've been speaking with a few brokers and they are already anticipating extreme volatility on that date in particular across all sterling pairs - I suspect we'll see this flag broken come June.
p19860601
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thank you for your time.
p19860601
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just one more thing...that would mean ( breaking down) that Brexit will come...so all bokers u talked to are playing on UK leaving Eu...i don't think they would be that silly...wouldn't they?
thanks you very much