ridethepig | GBPUSD Chart Of The Week

On the UK side, very little to update on the fundamental side. I am tracking the GBPUSD rally closely at these levels into 1.195x/1.20xx resistance as a good area to fade with targets towards the lows in the range at 1.15xx support and 1.05xx. The main issue is coming from the lack of liquidity meaning its difficult to get much size on.

For those tracking the previous Brexit flows it has been flawless till the 1.15, the next target below if we break will be 1.05!

Thanks as usual for all those keeping the support coming with likes, comments and etc! Jump into the comments with any questions and charts. Highly recommend tracking this flow as it will open up the leg for the Brexit double impact later in the year.

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A similar flow available in EURUSD:

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Ufff ... sellers could not hold the highs, insane volatility. We'll re-open the at the close.