As Brexit happened a few weeks ago now the GBP fell from 1.5 (as you can see by the long red candlestick) all the way down to 1.27. The GBP had a tiny bullish mark and made 1.27 a support line as it hovers from 1.35 to 1.305.
In recent days the pair broke through 1.305 and has come to a bit of a stand still. We’re watching this pair very carefully. Is this just a fake out? Or will the pair drop back to 1.27 or even further?
Deffo keeping an eye out!
