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    Video analysis - UK100 & GBP/USD surge as Brexit risk recedes

    Could UK100 & GBP/USD gains continue?

    • The market opened up today with a large gap after optimism that Britain may vote to remain

    • With 4 days until the vote, undecideds are expected to vote for remain, boosting the final pre-vote polls

    • The opening candlestick on UK100 identifies current support and resistance levels - 6137.8 for resistance, 6067.7 for support

    • If the market continues to rally, 6154.9 becomes the new resistance level, as this has historically held significance

    • On the other hand, if the market reverses the support level is 5996.7

    • Meanwhile, GBP/USD is coming close to the tops generated in May

    • Resistance levels are 1.4672, 1.4738, and 1.4768

    • Historical support is found at 1.4400

     

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.


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