GBPUSD has been in an interesting downward channel.
Whether there is Brexit on 23 Jun will strongly impact the direction for this pair.
A wild guess. if Brexit, this pair may form a bullish Butterfly and go all the way down to 1.25. if no Brexit, this pair may be back in the channel and reach 1.5. Let's see.
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GBPUSD pointing to 1.25 !! just found this posted 2 months ago.
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GBPUSD has finally tested 1.272 extension of XA and formed the bullish butterfly! looking for chance to enter long. This is a long-pending trade set up!