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FX.co ★ Global macro overview for 24/06/2016

Global macro overview for 24/06/2016

Global macro overview for 24/06/2016:

In this historic day, it looks like the United Kingdom has voted to leave the European Union after being the member since 1973. The non-official poll results based on data from areas that have already reported are: Remain camp 48.5%, Leave camp 51.5% after 184 regions out of 398 have been counted. This result might change a little over the next few hours, but it is almost certain the UK will not be an EU member anymore.

Let's now take a look at the GBP/USD technical picture on the daily time frame. The Cable slumped -9.8897% to $1.3329, the lowest it's been against the dollar since 1985. The monthly support at the level of 1.3500 has been broken as well, and now it will act as a resistance. The next resistance is seen at the levels of 1.3835 and 1.4015.

Global macro overview for 24/06/2016

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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