GBPUSD breakaway gap reflects the sentiment

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The GBPUSD is heavily weighted by Brexit sentiment and it continues to fall. Recent reports suggest that referendum results could be very close , neither side has an advantage. As I have stated many time before 1.4050 is very important. Currently we can spot a breakaway gap that technically reflects the sentiment of GBP traders. Its bearish. Breakaway gap usually signifies either a new or trend continuation more likely the new trend. After some consolidation the pound made a huge move down and

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