As you can see we had a nice trade on GBPUSD a few days ago but downward price momentum is slowing. Eventually at some point we are going to need to trade the Brexit drop. I have mixed feelings on getting long or short but the overall bias on monthly and weekly remains down.
I don't plan to trade it long any time soon and will only be looking to short any run ups in the daily price unless price turns bullish on weekly charts.
I don't plan to trade it long any time soon and will only be looking to short any run ups in the daily price unless price turns bullish on weekly charts.