24 June 2016, GBP/USD
GBP/USD is currently trading with a strong bearish bias. As previous forecasted, Brexit clearly hurt the British pound, the Cable deprecated to the lows of 1.1322 and may head further to the lower side. Although there may still be downward momentum, we remain flat, unless you are a professional news trader, remain flat for now and wait for clear moves, either to the upper side or the lower side. This pair should be traded alongside GBP/JPY, AUD/USD, AUD/JPY and EUR/USD. These pairs have a strong positive correlation and will have a similar price action during this intraday.
Remain Flat For now
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us