UK exit polls showed a hung parliament with only 314 seats for the Conservatives and high uncertainty all in all×¥ We don ´t know if the Tories will eventually reach a small majority, if their position will further deteriorate and May resigns, or if uncertainty prevails. The response in the pound was loud and clear: a crash of nearly 250 pips to a low of 1.2713. Yet after the initial fall, we can see that the pair respected the old range of 1.27 to 1.2770. Is it a buying opportunity? In any case, here are the levels to watch: 1.27 is the immediate line of support after it worked as resistance back in February. Further support awaits at the March high of 1.2615. Further support is at 1.2350, followed by 1.2215. These levels assume total chaos. Looking up, we find 1.2770, which held the pair from falling in recent week as immediate resistance. It is followed by 1.2840, 1.29, 1.2980 and 1.3050, all levels were seen in recent weeks. UK elections – all the updates in one place Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next GBP/USD extends losses on the most hung of hung Yohay Elam 6 years UK exit polls showed a hung parliament with only 314 seats for the Conservatives and high uncertainty all in all×¥ We don ´t know if the Tories will eventually reach a small majority, if their position will further deteriorate and May resigns, or if uncertainty prevails. The response in the pound was loud and clear: a crash of nearly 250 pips to a low of 1.2713. Yet after the initial fall, we can see that the pair respected the old range of 1.27 to 1.2770. Is it a buying opportunity? In any case, here are the levels to watch: 1.27… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
