GBPUSD Possible rise to 1.30, depending on Brexit vote on Tuesday at 19:00. Form technical perspective the Pound is looking increasingly bullish against the Dollar and could potentially climb higher and rise to 1.30 but we need to be wary of the results of this weeks Brexit vote for Poundss.
The move higher after the break of the trendline could rise to as high as 1.3000-30, based on the height of the move prior the trendline (A) (moved up by 455 pips in just one week).
RSI 50 momentum indicator in orange is also bullish as it is trading on the same level it was at when the exchange rate was above the 1.30s back in November.Which could potentially rise back up.
The move higher after the break of the trendline could rise to as high as 1.3000-30, based on the height of the move prior the trendline (A) (moved up by 455 pips in just one week).
RSI 50 momentum indicator in orange is also bullish as it is trading on the same level it was at when the exchange rate was above the 1.30s back in November.Which could potentially rise back up.