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England

Where Brexit Will Take GBPUSD As Per Technical ForecastAs Per The Daily Chart Time Frame FX:GBPUSD Where GBPUSD Can Be Heading After Brexit is: -> Strong Support At 1.2700 Level -> Strong Resistance Downward Trend line ->Breakout above Trend line Will Be Bullish For Pound ->Descending Triangle Formation Breakout below 1.2700 will lead to another 400-500 Pips Downward. Which Will Good Opportunity For Selling At 1.2700 with Stop 1.2888 for levels of 1.2200 this event can be likely occurred as Bank of England Governor Carney told Brexit will be a Recession For UK so short sellers can enjoy this Opportunity in upcoming days
Short
by deepanshu422
3
EUR/GBP 4H Chart: Channel Up - Bank of England jumpToday, on Thursday, August 3, the Euro gained more than 70 base points against the British Pound in less than an hour. It was a purely fundamental event, which was still consistent with the ascending channel pattern, which has guided the pair throughout this summer. The currency exchange rate met with the combined resistance of the weekly R2 and the upper trend line of the channel up pattern at the 0.9030 mark. There are two possibilities for the future. In the first scenario the rate bounces off the resistance and continues the short term decline. In the second scenario the pair would push through the combined resistance at 0.9030. However, the second scenario is more likely, as the pair bounced off a support level of a dominant pattern in the middle of July. That means that the ascending channel is about to become obsolete. As the chart was being drawn up, the second scenario began to form more as reality.
by UnknownUnicorn890690
GBP/JPY British pound vs JPYThought: What if we actually break north? What if price continues to drop? My Overall Bais: Bullish Confluence: 3rd bounce of Daily black TL. Confluence: possible break of the H4 blue TL. Confluence: price laying on 61.8% Confluence: RSI (waiting for Tuesday) Scheduled Trade: No trade Monday: NO Tuesday 3AM EST: TBD based on confirmation check list. Note: Either price fights its way down taps the Red M.A., and gives us a launching pad for the rally ride north. Follow Instagram: WallstreetJon
Long
by BlueNoteFx
Fibonacci RetracementThe 16/03/2015 the Euro Dollar slowed its fall (opened in 1.04701), and never again be there until the 12.03.2015 where he approached with record lows of 1.05168. Not without having had a maximum of 1.17140 on 24/08/2015. So in my opinion, taking from the minimum point where the fall March to August peak stopped, so should be the Fibonacci retracement on daily charts. From there then, we can speculate as is the minimum that should go down this pair if wins the start of the European Union in England, but also allows us to speculate on the opposite scenario. The pair is retreating between 0.618 and 0.5 levels.
by JeanCarloGarciaQ