GBPUSD...BREXIT WEIGHS HEAVY

15 thg 11, 2018In today's video we discuss the current situation with GBPUSD and how BREXIT talks have been affecting the market. We see further downside here as resignations from Prime Minister Mays Cabinet start to appear. The resignations show a lack of support for the current agreements and could force Prime Minister May to fight for her position. Technically the large bearish engulfing on the 4hr could be ideal to look for lower timeframe short trades down to the key support of 1.2700. If you are to trade this market do so at a reduced risk due to the swings in the GBP and the uncertainty surrounding it.