Ahead of the big date : 29 March 2019, the pair has shown to be increasingly volatile with highs of approx. 1.3350 & lows of 1.2500 due to uncertainty in the market related to a no deal Brexit.
We anticipate that Brexit will be further delayed as Betfair is offering 1.2 for the UK to not leave the EU by the 29/3/19 and 5.7 for otherwise. A delayed Brexit would be bullish for the pair as the "fear" relating to a no deal Brexit would be temporary postponed.
Entry at this price is possible but carries a high risk as support is weak at this level.
Target Entry : 1.28491
TP : 1.32685
SL: 1.26477
R/R - 2.08
We anticipate that Brexit will be further delayed as Betfair is offering 1.2 for the UK to not leave the EU by the 29/3/19 and 5.7 for otherwise. A delayed Brexit would be bullish for the pair as the "fear" relating to a no deal Brexit would be temporary postponed.
Entry at this price is possible but carries a high risk as support is weak at this level.
Target Entry : 1.28491
TP : 1.32685
SL: 1.26477
R/R - 2.08
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.