eurgbp

With the EU referendum and leave vote from Brexit, GBP crashed the floor. So this week, I took leave from the markets and stayed away from this high risk event.

From the daily chart,
We can see why the EURGBP price moved from one point to another.
The close is at the resistance, so there is potential for the move within this range. Though I will look at other pairs to trade instead and observe for awhile more.

In many pairs there are many long wicks, so will have to observe price action next week to determine if there is momentum in the movement or its one off.