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Gbpusdsignals

GBPUSD The Brexit effect long termHere I have put together the time-line of the Brexit related events and how those affected the price of GBPUSD. GBPUSD was rebounding on its 7 year support zone when the Brexit vote took place, causing a lash crach on the pair. The pair's strong bullish technical inclination (mixed with hopes of no Brexit) made it rebound again following the vote. It reached the pre-vote levels when May invoked article 50, starting the countdown, causing another crash on the pair. The recent uncertainty on the parliament votes may have brought volatility back on the table. Will it make the upside attempt fail, causing a new crash? The pattern shows so far that it can. GBP's strong technical trend is now gone until this matter is resolved.
by TradingShot
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