During the previous trading session, the rate traded between the 62.20% Fibo and the weekly PP as it was expected! On Tuesday, the currency exchange rate was resisted to 1.2860 by the upper boundary of the dominant pattern line at the 1.2916 mark.
Today is a critical day for the United Kingdom history due to the Parliament Brexit Vote which will occur at any time during the day. Note that the Brexit Vote results cannot be predictable!
However, the Dukascopy Analytical Department thinks, that the British Pound might depreciate against the US Dollar to pass through most of the technical indicators to trade below the monthly pivot point at the 1.2650 level.
