GBPUSD Forecast: BoE, FED, Brexit Extension

FED and BoE interest rate decisions and monetary policy statements will be on focus.

Brexit part of the game is also open to lots of surprises. A Brexit extension, its length, and other Brexit events usually overshadow important UK events.

A second referendum option and/or long extension is set to send the pound considerably higher. In this case, we will see a sharp GBP rally against all.

Long run: We keep sticking on our scenario we published past weekend: - You can read the attached report -

"Delayed Brexit: ( Probability 99.8 % ) Our trade plan is to buy and add Long at the closing above 1.32200 targeting 1.34500 and 1.37000 with a stop loss below 1.30100. Second Referendum Scenario: Targets 1.4000-1.45000."

Near Term Technicals:

Bullish Flag Breakout on Friday.

Levels as described on the chart.