The 23.6% fib retracement of the rally from the Brexit referendum day low is 7054. Note that GBP/USD has already breached the 23.6% fib retracement (1.2640) hurdle of the Brexit sell-off.
Given the strong negative correlation between GBP/USD and FTSE100, it is safe to assume that the mining heavy index could slide to 7054 levels.
Given the strong negative correlation between GBP/USD and FTSE100, it is safe to assume that the mining heavy index could slide to 7054 levels.
