Open trading account 
The increasing tensions in view of six Brexit negotiations in September with the EU are leading to a fall in the pound which looks set to continue for the rest of the month. If we look at the monthly chart of the exchange rate with the dollar,
we immediately see that the British currency is inserted in a bullish cone, which at the moment is slow to give its effects. This is clearly a currency, the English one, undervalued, which will give sooner or later the opportunity for a very good purchase in terms of risk / return, but that for now, as the chart shows us, suggests a continuation of the trend bearish. From the low of 1.1916, the price rebounded to 23.6% of Fibo retracements and now seems set to adjust the historical lows. On the intraday
we see that the H shows us that the price, after a retracement of 50% compared to the lows of Tuesday, seems to resume the descent, with the stochastic divergence in reverse bearish. If the descent will continue the price must break the minimum hour at 1.2660, otherwise it could trigger a lateral phase.
we immediately see that the British currency is inserted in a bullish cone, which at the moment is slow to give its effects. This is clearly a currency, the English one, undervalued, which will give sooner or later the opportunity for a very good purchase in terms of risk / return, but that for now, as the chart shows us, suggests a continuation of the trend bearish. From the low of 1.1916, the price rebounded to 23.6% of Fibo retracements and now seems set to adjust the historical lows. On the intraday
we see that the H shows us that the price, after a retracement of 50% compared to the lows of Tuesday, seems to resume the descent, with the stochastic divergence in reverse bearish. If the descent will continue the price must break the minimum hour at 1.2660, otherwise it could trigger a lateral phase.
