According to a Reuters poll amongst 60 analysts the GBPUSD may drop to 1,2000 if Brexit with no deal happens. Most of them, however, expect UK and the EU to reach a deal that, if it happens, will raise the cable to 1,3200.
EURUSD will rise to 1.1900 within one year, according to a Reuters poll, as markets have already calculated a possible deal between the US and China and the interest of foreign investors in US bond purchases declines.
EURUSD formed a “Double Bottom” around 1.1289 and a “Doji”, which could extend the correction. A potential breakthrough of 1.1317 will extend the correction to 1.1340 before creating conditions to resume the negative trend.