GBPUSD SHORT (long yields)

Dec 10, 2020

Both respective colored boxes are the exact same size. Yields up, GBP down. Flows nicely with Brexit negotiations finishing.

Dec 11, 2020

Note

GBPUSD dropped 160 pips after posting this, yields have continued to rally

Dec 25, 2020

Order cancelled

The weekly candle following the week of Dec. 7 posting this idea (week of Dec. 14) failed to break higher, and now with another stimulus package on the table I expect further USD weakness so GBPUSD should rise while these UK 10-Year Bond Yields fall.