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GBP/USD Slumps On Brexit Fears

Discussion in 'Technical Analysis' started by Kaitlin, Feb 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    A lot better-than-anticipated UK Retail Sales figures on Friday helped the Cable to overcome the 1.44 mark. However, today the GBP/USD opened with a rather significant bearish gap, amid London's mayor stating he would support the Brexit. Meanwhile, technical indicator signals shifted from bullish to mixed, implying that a negative[​IMG]

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