GBP JPY - Brexit 'Deal' scenario

2020년 12월 6일

Hello,

With current events and fresh levels looking likely on Monthly timeframes - we can see GBP & XXX major, minor pairs to see heavy movement for appreciation for Sterling.

As the UK is seeing the vaccination being used from Monday, [Tuesday] most likely and last minute negotiations for Brexit.
If the parties can agree a deal at all, the surgence of relief will allow buyers or GBP USD and EUR USD to surge in order to high monthly highs and create a fresh zone.

Alternatively,

Where a sell scenario - expect the previous depreciated low to be the bottom out scenario.
The EU & UK, ideally want a deal - as this steadies recovery and while creates barriers, it also loosens barriers at the same time from a lobbyist perspective and in terms of acting rapidly in response to change.

Keep a look out for Key levels - where price can consolidate.
The higher timeframes show us the direction where price has a distinct probability of where price will move.

Let's await.

Many thanks,
Team Lupa