GBPUSD medium term forecast

٢٨ أكتوبر ٢٠١٦

Despite Brexit and all the fundamentals around the UK economy, we expect the pound to drop further against Dollar to 1.15 area. This area should provide a good technical support on monthly chart, which is the 1.27 expansion of the 2001-2008 move.

Selling at current levels still provides a good trading profit but you should consider shorter time frames to find better sell entry points.

Good luck trading