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Gbpshort

Much more weakness is likely in GBPEURTwo chart patterns are in play right now for FX_IDC:GBPEUR on a long term scale. First of all, GBPEUR is breaking out from triangle, with target at around 0.98. And further there is an option that GBPEUR is forming head &shoulders pattern. H&S would be confirmed, if currency pair breaks neckline around 1, then pound may drop as far as to 0.75-0.80 region. As it is long term pattern, be ready that this scenario may play out over next few years, and not something to expect in next few months. However, with brexit deadline getting closer, more volatility certainly is likely. As of now, short with stop at around 1.125 may be attempted for more downside.
Short
by Silvestrov
3
GBP/USD SHORT & BEAR PLAY GBP has been under lots of pressure lately, All 8 Brexit proposals by the British PM (Theresa May) were all rejected. This has put the GBP under investor risk and uncertainty, the last 4 months been a Bullish ascending channel ride for GBP/USD. The bulls are no longer in play as the channel is broken to the downside with a strong retest and 200 ema daily crossover. The Fundamentals and Technicals tell the same story for GBP/USD which is WEAKNESS. A short will be our bias.
Short
by forexlyfeanalysis
GBP SHORT to 1.2484 | BREXIT Uncertainty GBP SHORT - Weak pound due to BREXIT - More upcoming uncertainty with the brexit date on the 29th - Trade war in the US creating uncertainty on global demand hurting UK exports (excluding financial sector) - Trade surplus likely to increase during the fall in demand - Possible upcoming Austerity in the UK This is my view of the GBP in the current market state, what do you think? If you get a chance to short the GBP against safer or even major currencies then this may be the time before brexit.
BShort
by Eren_Jaeger_Trader