Sell on a level breakthrough of 1.3227 with 1.3000 target. Stop loss = 1.3300.
Reason for the trading strategy
Supporters of the exit from the EU won the UK referendum, reports Bloomberg. They overcame the necessary threshold of 16.7 million votes, with about 51.8%. The referendum is not legally binding, that is, the government and the Prime Minister have the right to ignore its results. However, given that David Cameron initiated the vote himself, this development is unlikely. British Foreign Secretary has already said about David Cameron's intention to stay on as prime minister. However, we assume that David Cameron will leave his post later. The S&P representatives have noted that the UK's rating is likely to be reduced from the current level of AAA. Despite the upward rebound, the pound sales are likely to continue in the next trading session.
Reason for the trading strategy
Supporters of the exit from the EU won the UK referendum, reports Bloomberg. They overcame the necessary threshold of 16.7 million votes, with about 51.8%. The referendum is not legally binding, that is, the government and the Prime Minister have the right to ignore its results. However, given that David Cameron initiated the vote himself, this development is unlikely. British Foreign Secretary has already said about David Cameron's intention to stay on as prime minister. However, we assume that David Cameron will leave his post later. The S&P representatives have noted that the UK's rating is likely to be reduced from the current level of AAA. Despite the upward rebound, the pound sales are likely to continue in the next trading session.
Exness - Brexit has been realized, the pound is at its 30-year lows
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