Forex Signals – British Pound Drop May Deepen

British-Pound-Drop-May-Deepen-asia-session

Forex Signals – British Pound Drop May Deepen

Forex Signals – British Pound Drop May Deepen

Live Forex Signals | Talking Points:

British Pound drops hard on “Brexit” fears before May talks.
Japanese Yen and US Dollar continue to rise, commodity FX suffers amid risk.
BOE Governor Mr Carney may take a change in tone as event risk continues.
The British Pound faced broad-based selling pressure in overnight trading continues. The Forex currency sharpened lower at the weekly trading open.

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British-Pound-Drop-May-Deepen-asia-session

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GOLD TECHNICAL ANALYSISGold are attempting to overcome resistance in the 1193.50 – 99.82 area (38.1% Fibonacci retracement, May 30th  low) once again. Confirmation of a breach on a daily closing basis sees the next upside barrier at 1215.42, the 50% level. Alternatively, a reversal below the 23.8%Fib at 1166.51 exposes the 14.6% retracement at 1149.85.

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