fxstrategist:
Yes, more volatility on the GBPUSD with no clear direction until it breaks the 1.4700 level to the upside, or the 1.4000 level to the downside.
The pair reached 1.4700 but then bounced off of it and now it's back
below 1.4650. Whether or not this is just temporary is uncertain at this
point, we'll see a lot more volatility and no clear direction in the
coming days.
Like everyone else, I too thought there would be a major drop if Brexit
actually came to pass, but I admit I wasn't expecting the drop to be
that huge, though in retrospect maybe I should have. Considering the
current situation, the decline is likely to continue.
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Yes, more volatility on the GBPUSD with no clear direction until it breaks the 1.4700 level to the upside, or the 1.4000 level to the downside.
It's going to be ''hard time'' for both UK and EU, they are going to be high degree of economic and political uncertainty ahead of us.
I think that gbpusd asset will go up.