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GBP/USD Accelerates Lower on BREXIT; Gap Measurement is 1.3975

GBP/USD Accelerates Lower on BREXIT; Gap Measurement is 1.3975

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD Accelerates Lower on BREXIT; Gap Measurement is 1.3975

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-I was looking for additional sideways trading GBP/USD before the breakdown. Instead, Brexit hysteria has sent GBP/USD to its lower level since March 2009. The measured objective from the gap this week is 1.3975 and is a possible reaction level.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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