GBPUSD to range until brexit
Looking at the main points of interest in the weekly chart and tracing the main channels and parallel lines we can see a probable scenario developing.
Breaking above 1.297 or bellow 1.251 without further developments like a formal deal or new vote seems hard.
This trade is based on the weekly close bellow the channel parallel line around 1.293, risk reward is above 3 on this level.
Breaking above 1.297 or bellow 1.251 without further developments like a formal deal or new vote seems hard.
This trade is based on the weekly close bellow the channel parallel line around 1.293, risk reward is above 3 on this level.
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