Many UK businesses are hoping for a swift Brexit transition which will last at least two years in order to implement the required changes without major disruptions to their operating models. Hardliners inside the Tory led government favor a hard Brexit if necessary as the British public voted to leave the European Union with good reason according to Brexit supporters. Prime Minister Theresa May voted to remain in the EU at the time of the referendum which has many pro-Brexit lawmakers questioning her commitment to deliver to the British public what they voted for.

Should price action for the GBPUSD remain inside the 1.5980 to 1.6020 zone the following trade set-up is recommended:

Should price action for the GBPUSD remain inside the 1.6010 to 1.6040 zone the following trade set-up is recommended:

Should price action for the GBPUSD remain inside the 1.6100 to 1.6140 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.6120 Take Profit Zone: 1.6800 – 1.6840 Stop Loss Level: 1.5900 Should price action for the GBPUSD breakout above 1.6140 the following trade set-up is recommended: