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GBP/USD: Bears Break Their Fast On Brexit Fears

Discussion in 'Technical Analysis' started by Kaitlin, Mar 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    While more sober analysis suggests taking a single poll from a pro-'Leave' paper with a large grain of salt, jittery traders opted to sell first and ask questions later. As the chart below shows, GBP/USD is trading off nearly 300 pips from the high late last week and has broken[​IMG]

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