It is getting close to Brexit vote and (I hope) going back to normal. Last few session sterling seems to be discounting staying in EU and European indices follow it. Considering good sentiment any bad news can bring price down. However if gains will stay for another two session expect positive result of the referendum will be just an opportunity to take profit. On the other side Brexit will cause really strong sell out and maybe even a crisis – at least on GBP and EU indices. We just have to wait and watch the situation.

AUDUSD

Pair is testing resistance and it may be good opportunity to open short position. If there will be any sell signal, I will consider opening short position. However potential of this position will not be big, support is quite close.

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AUDUSDDaily-6-21-2016

EURAUD

This pair is also testing important level. Support stopped decreases few times already and if there will be any clear buy signal on H4 chart I will open position. However if price will drop and daily candle will close below support only shorts will be considered.

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EURAUDDaily-6-21-2016

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.