Weekly Forex Overview: Impact of Brexit on Forex

June 27, 2016 08:40

The Brexit had a huge impact on the Forex market with the GBP/USD falling from 1.50 to 1.32. Fibs and waves show that further GBP weakness is likely as long as price stays below the critical 1.4250 level, but a bearish turn around will most likely occur lower. The EUR/USD and USD/JPY corrective zigzags offer trading opportunities too, as well as the AUD/USD that remains in an uptrend.

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