Looking at long term trends for GBP-USD we are coming to a level that is almost underheard of in forex GBP being low to the dollar.
Right now looking at the weekly unless something happens we see a continuation to 1.165xx range from there it could be anyone's game.
We expect a lot of volatility around this number and range In fact if you draw a box from the top to the bottom there is a lot of wiggle room for trades but they will be volatile.
Trade carefully but watch this 1.65xxx level as a large support.
Right now looking at the weekly unless something happens we see a continuation to 1.165xx range from there it could be anyone's game.
We expect a lot of volatility around this number and range In fact if you draw a box from the top to the bottom there is a lot of wiggle room for trades but they will be volatile.
Trade carefully but watch this 1.65xxx level as a large support.
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