British Pound / U.S. DollarUpdated GBPUSD in trouble: GU seeking 1.27000 ?
More Brexit news about infighting in PM May's cabinet caused a sudden spike down.
The spike stopped at massive support, but did not bounce much.
Once that support breaks, it should be a quick trip below.
I do expect some kind of bounce for the wave (4) before continuation down.
OR, the Brexit news could have been wrong, or may get overridden by positive news.
But unless there is some positive news within the next week or so, I think it will drop.
The spike stopped at massive support, but did not bounce much.
Once that support breaks, it should be a quick trip below.
I do expect some kind of bounce for the wave (4) before continuation down.
OR, the Brexit news could have been wrong, or may get overridden by positive news.
But unless there is some positive news within the next week or so, I think it will drop.
Note
Almost at Target, 1.2700. Note
Target hit, price has paused. Looks like it might actually bounce a little 
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.