The GBP was under a heavy pressure since the beginning of the year as there were no clear advantages on keeping the Great Britain within the European Union and the referendum on leaving the European Union was approaching.
This Saturday the Prime Minister announced the Referendum on the 23rd of June and inspired the citizen to keep Britain in the Union as EU agreed on all conditions the british government set as mandatory.
Unless any surprise happens in the following 4 months and on voting itself, The Great Britain will remain in the EU and GBP will start it´s recovery. Also, if ECB slashes the interest rates in March, EUR may finally start devaluating to other currencies , specially, to GBP and JPY.
I go short if quote breaks small 0.77 resistance:
Sell order on 0.765
SL: 0.78
TP1: 0.75
TP2: 0.72
The quote may go up and down until the results of the Referendum are known, specially, if the surveys won´t show a clear advantage of those who want to keep Britain in the European Union.
This Saturday the Prime Minister announced the Referendum on the 23rd of June and inspired the citizen to keep Britain in the Union as EU agreed on all conditions the british government set as mandatory.
Unless any surprise happens in the following 4 months and on voting itself, The Great Britain will remain in the EU and GBP will start it´s recovery. Also, if ECB slashes the interest rates in March, EUR may finally start devaluating to other currencies , specially, to GBP and JPY.
I go short if quote breaks small 0.77 resistance:
Sell order on 0.765
SL: 0.78
TP1: 0.75
TP2: 0.72
The quote may go up and down until the results of the Referendum are known, specially, if the surveys won´t show a clear advantage of those who want to keep Britain in the European Union.
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!