Pure resistance & support + fundamentals.
Last close was 1.27 -1.27100 then a sharp rejection at RES 1. Res 2 is marked as possibility, due to GBPUSD uncertainty.
Fundamentally wise, GBP is under pressure and has uncertainty around it due to EUR vote (result Monday). Alongside this, May is under pressure and candidates (Boris) would force through Brexit causing the £ to plummet. I have only mapped on SUP and RES levels here, but we could potentially see a BIG drop, so eyes on the chart swing traders.
Good luck on the markets.
Last close was 1.27 -1.27100 then a sharp rejection at RES 1. Res 2 is marked as possibility, due to GBPUSD uncertainty.
Fundamentally wise, GBP is under pressure and has uncertainty around it due to EUR vote (result Monday). Alongside this, May is under pressure and candidates (Boris) would force through Brexit causing the £ to plummet. I have only mapped on SUP and RES levels here, but we could potentially see a BIG drop, so eyes on the chart swing traders.
Good luck on the markets.