A peak on the EURGBP along with the USDindex along with what will be strong inflation numbers next week. This aligned with what are low GBPUSD values.
A quick long is due on this pair ahead of the House price index coming up and the fall registered on the pair.
Strong USD numbers are close, so a strong trade is appropriate.
A quick jump in value awaits, ahead of the US CPI coming up aided by the top in the USDINDEX.
Long position in a pair that has dropped to more "muddy" waters but still shows a clear long signal right now.
Short again since pair is still at high levels and there is strong resistance to the upside.
Pound below 1.3 is only a short time away and the BOE interest rate hike has already been priced in so time to short the pound.
Stop loss at 109.700. In my understanding, we see a combination of technical and fundamental factors to make this trade
We see a USDindex about to bottom, resistance and fundamental reasons for this pair to drop.