The Referendum, also known as Brexit, will decide whether the UK is going to stay in the EU or not. Either way, just observing what the markets will do is going to be a delight.
Chart: GBP/USD H4
Monday, June 13, 2016
GBP/USD High Volatility
The Sterling is witnessing high volatility in today's session reaching a low of 1.4118 and recovering to 1.4280 with a high of 1.4321. This week and the next one are going to be packed with volatility as we have the Referendum scheduled for Thursday 23th. Until then it is best not to take any big risks or wide stops as the pair is doing wide swings within the daily range.
The Referendum, also known as Brexit, will decide whether the UK is going to stay in the EU or not. Either way, just observing what the markets will do is going to be a delight.
Chart: GBP/USD H4
The Referendum, also known as Brexit, will decide whether the UK is going to stay in the EU or not. Either way, just observing what the markets will do is going to be a delight.
Chart: GBP/USD H4
Subscribe to:
Post Comments (Atom)
Very interesting! Thanks!
ReplyDeleteGreat analysis as usual.
ReplyDeleteVery helpful analysis.
ReplyDeleteThe pair crashed ahead of the referendum.
ReplyDeleteThanks for such an informative analysis.
ReplyDeleteLet’s see how it keeps going.
ReplyDeleteThat's right, observing the market will be a delight.
ReplyDeleteSterling is weaker today mostly due to BoE's static decision and GBP/USD hit and intraday low at 1.4099.
ReplyDelete