GBP: Volatility only going to rise over next two weeks

There is still more than enough margin for error in the Brexit opinion polls to leave plenty of doubt for FX traders to thrive on.

I would not be at all surprised to see a 1.37/1.47 or 1.40/1.50 type range in the cable over the next few weeks. It won’t be about being right or wrong, but will be all about getting the market timing and position sizing absolutely perfect. In the very short-term. we should see support/resistance levels emerge at 1.4385/1.4585.

If I had to have a medium-term position, I’d prefer to be long EUR/GBP but I’m going to avoid the GBP unless I get some 90% trade set-ups.

The post GBP: Volatility only going to rise over next two weeks appeared first on www.forextell.com.

Leave a Reply