GBP/USD. Brexit week.
Going into Brexit week, volatility is expected.
At the moment the price action is undecided. In the last month price movement has swayed above and below 1.438 but has generally been respected as a point of breakout.
At the close of Friday the price was 1.434. Upon breaking, 1.438 expect upside of towards 1.44 and beyond. However, on the downside expect 1.40, possibly.
However, remember, next week, is not a normal week.
At the moment the price action is undecided. In the last month price movement has swayed above and below 1.438 but has generally been respected as a point of breakout.
At the close of Friday the price was 1.434. Upon breaking, 1.438 expect upside of towards 1.44 and beyond. However, on the downside expect 1.40, possibly.
However, remember, next week, is not a normal week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.