ridethepig

GBPUSD rally under pressure

FOREXCOM:GBPUSD   British Pound / U.S. Dollar
=> The two month correction has begun coming under pressure again here as we approach the Brexit finishing line
=> A daily close below 1.2934 will open up 1.2786 for a test and if we crack the lows then 1.210x is next with nothing else in the ladder in-between.
=> This is a nightmare situation for the UK and we maintain our base case scenario on Brexit as hard/extreme
=> For those who have been following our Dollar outlook you will know we expect further strength into USD via yields.
=> We are set for fireworks today with NFP so best of luck to all those holding positions in live or looking for new entries.
=> GL

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.