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Cable is Oversold

The GBP/USD dropped over 10% shortly after Brexit. While we've had some stabilization since then, prices are still relatively low as can be seen on the chart below. The weekly Stochastic Oscillator is still in oversold territory at 14.
Let's take a look at the lower timeframe chart. Cable hit a low of 1.2797 in the Brexit aftermath. Later on prices retraced to a high of 1.3480 and we're currently quoted at 1.3233. The 4H chart shows a choppy but undeniably upward sloping movement.
The weekly is …
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Cable to Clawback Some Brexit Losses

I expect Cable to clawback some of the post-Brexit losses. As you probably know unless you lived under a rock, past week the UK voted to leave the EU. This crashed the Pound from over 1.5000 to just 1.3291 right now. A combination of uncertainty and increased odds for extra QE by the BOE lead to severe losses. Few days ago a low point of 1.3116 was hit. I have a reason to believe this is the lowest we'll get, at least this summer.
For one, look at the daily chart below. The Stochastic Oscillator…
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Post-Brexit Volatility to Die Down

The EUR/GBP had an uncharacteristically volatile week. Prices spiked over 600 pips on Friday after the UK voted to leave the European Union. Since then however calmer heads prevailed and we're seeing the pair revert to its boring self.
I'm betting on no major changes in this pair. Fundamentally the Brexit will hurt both economies short-term, partially by the separation and confidence shock and partially by renewed Central Bank easing on both sides of the Channel. But more important, on a technic…
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Potentially Large Gains for Cable

We could potentially see large gains in Cable. The pair has been repressed in the past year by political instability. First by the Scottish independence referendum last year and now by the coming EU exit referendum. But as time goes on the 'Remain' camp continues to secure the lead. This could lead to some short squeezing as we get closer to the referendum date in June.
On the daily chart below we can see a completed reverse Head and Shoulders pattern. This signals that more gains could be on th…
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