More profit taking is expected this week on further bad Brexit related news. The GBP pairs may further retrace to the harder support levels on the charts that I have posted.

Trading the GBP pairs during the Brexit decision

1.148 could be the next target if EUR is bullish

EURUSD

daily chart looks like a tricky monster for buyers, possible bull trap 1.142 is the key level for bulls for a further run higher

EURUSD

video

Cable Update (GBPUSD)

1.16 is where i think the downtrend will fail as shown on your chart

EURUSD

PM May will speak soon about Brexit positive news will be good for GBP bad news may sink GBP, especially if PM May announces that she is resigning or something crazy

Cable Update (GBPUSD)

i think that it will retrace in Asia unless there is a big dump coming in Asia but I doubt that would happen

USD/JPY Discussion

i think it will come down a bit as profit is taken and then the next leg higher will depend on EU zone data and positive Brexit news

EURUSD

we will see what happens tomorrow i would expect a run up to 1.15 and then a dump

EURUSD

stop flush today Powel does not sound dovish on the economy, only the dot plot showed no rate hikes in 2019 The EU zone is still suffering

EURUSD

1.142 could be hard to break on daily chart after FOMC, I'm selling

EURUSD

110.8 could be the bottom after FOMC buy limit at 110.8 stop under 110.2 target 112.5

USD/JPY Discussion

That is what I see on the chart in the near to medium term. Bears are stronger under 1.16. I'm going to sell rallies after the Powell press conference today as I do not expect sustained buying. There is too much of a mess in the EU right now for EUR ...

EURUSD

i think that it still might push to 1.138 today, bears are not pushing the price down

EURUSD

agreed

Cable Update (GBPUSD)

1.138 is possible today and more gains next week on good Brexit news but a hawkish FOMC and bad EU zone data this week can keep the pair down

EURUSD

Looks like there won’t be a meaningful vote this week as per the latest news. url i would expect more profit taking on GBP pairs this week

Trading the GBP pairs during the Brexit decision

placed a sell limit at 1.14 target open stop above 1.145 the pair might be choppy until Friday when the EU zone PMI data is released

EURUSD

there could be a dip before the vote on March 19th

Cable Update (GBPUSD)

The next important date this week will be on March 19th due to the Parliament Brexit Vote. This will be the third attempt to vote on May's Brexit deal. If it passes, then GBP will rally much higher. If the vote fails, the the situation could be much ...

Trading the GBP pairs during the Brexit decision