Tomorrow is the much-awaited Brexit vote in the UK Parliament. We can’t comment much on any directional bias because the Banks we’re in touch with have a pretty sparse orderbook and will most likely be just running stops (and at the same time, YOUR stops may be affected).
Use the S/R lines in the attached charts as your order setting guide and stay nimble.
This is where we’re at this morning.
With EURUSD, we have a double top in the H4 with a lower 2nd shoulder around the 1.1530 pivot.
That pivot is failing to attract any bullish interest (which is not surprising because it’s a lower 2nd shoulder), so price dipped below the 1.1470 level we mentioned last Friday.
GBPUSD is even more murky in outlook. The pound was earlier stuck around 1,2750 dollars, blipped higher to range around 1.2815 and is now pretty much aimless.
AUDUSD is slow-going. It’s been trying to make it to 72.20-30 for the past few days. Now that it’s there, it’s stalling.
Likewise with the USDJPY.
I’ve attached M15 charts for your guide. Have a good week!