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Jul 4, 2016

How to GBP/USD Went Down With Brexit Strategy July4

     
                           How to GBP/USD Went Down With Brexit Strategy July4



Fundamentals analysis :
Friday before GBP/USD closed lower than the 1.327 level of Proposed referendum on United Kingdom membership of the European Union(Brexit). Election Day proved to be a good sign of the sterling market. Investors are worried about the devaluation of east London mayor Boris Ex table when Johnson shocked the market as he retreated to the position of prime minister's election in this country. The pound ended down 0.3% .In the last session down 0.3% at $ 1.327 .The analysts said the political instability in the country between the parties after the vote Brexit has helped increase sharply rising yen those days. Foreign dollar down 0.6 %t against the yen at 102.67 yen after hitting session lows 102.47 in early trading Monday 2nd Tarot .Former London Mayor Boris Johnson abruptly pulled out of the race to become Britain's prime minister Thursday,a position he was once favored to win, upending the contest less than a week after he led a campaign to take the country out of the EU June/23/2016. "UK politics are in an absolute shamble right now" at the same £, while, down 3.5% against the USD reaching 1326 "the Best in the pound lower leg after Bank of England Governor Came Mark Carney said yesterday có Monetary support for the post-Proposed referendum on United Kingdom membership of the European Union economy and honest acting was Likely Sooner thay later was merited, It should be noted that the US market will be closed on Monday 2 calls .The main event is the final of the Fed monetary and in the 4th and the 6th day reporting.
Technicals analysis:
Current prices are in the range of 1.325-1.33. Last week the price is also around this area after Proposed referendum on United Kingdom membership of the European Union(Brexit)  to the lowest prices 1324. By analyzing the chart and the RSI, MACD, Stochastic, ADX ... At the same time fundamental analysis we can identify trends likely to continue and reach 1,324 lower prices, specifically:



Support:1.315-1.296-1.275
Restistance:1.354-1.378-1.399
Direction: Bearish below 1.357-1.368,target: 1.296 and 1.275

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