GBP/USD Rollercoaster Continues

The GBPUSD Rollercoaster continues. Brexit deadline expires today and there is no agreement yet. Roller coaster continues.

Depending on the outcome of the Brexit negotiations and whether talks continue or not, the Brexit rollercoaster continues. This is the market risk. Technically sellers come around 1.3045-56 zone, shile buyers show within 1.2885-98 zone. Targets are pivot point in-between. Breakouts to the upside are possible above 1.3080 towards 1.3120 and 1.3159. Breakouts to the bottom are possible below 1.2860 towards 1.2840 and 1.2805.

For a look at all of today’s economic events, check out our economic calendar.

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.