June 27, 2016 Forex Markets GBPUSD

Has Support Become Resistance?

Welcome back to a new week, filled with new possibilities and market turmoil. I never traded the GBPUSD because it was insane to trade, so I’m sticking to the sidelines and watching. It sure has been fun to watch.

The question in my mind now is, has the support line flipped to resistance now? Only time will tell.

Viva La Resistance!

June 26, 2016 Brexit Economy United Kingdom EU

Brexit

I’m of the opinion that is will be good for the UK in the long run, but in the short term it will be very tumultuous for both the UK and the EU.

June 24, 2016 Forex Markets GBPUSD

Brexit and the GBPUSD

This is once in a lifetime event and let’s hope it stays that way. GBPUSD hammered overnight, I suspect it’ll continue lower over the rest of the year.


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