Sell on a level breakthrough of 1.4872 with 1.4805 target. Stop loss = 1.4922.
Reason for the trading strategy
In the summer of 2016, the referendum held in the UK on its secession from the European Union will pose a risk for the pound. Britain is not satisfied primarily with the large number of Eastern European migrants entering the country, and the restriction of the powers of the UK Parliament. In the long term, the GBP/USD pair may decline to the 1.42 level. In the short-term, opening positions in the pound should be considered on its exit the range of 1.4872-1.4950.
Reason for the trading strategy
In the summer of 2016, the referendum held in the UK on its secession from the European Union will pose a risk for the pound. Britain is not satisfied primarily with the large number of Eastern European migrants entering the country, and the restriction of the powers of the UK Parliament. In the long term, the GBP/USD pair may decline to the 1.42 level. In the short-term, opening positions in the pound should be considered on its exit the range of 1.4872-1.4950.
GBPUSD: consolidation in the range of 1.4872-1.4950
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