GBP/USD: No Reason Not To Remain A Seller

By following the short-term flows based on the slope of the inverted DXY and the UK-US yield spread would have kept one on the right side of this trend for a significant period of time. The market has rapidly evolved, amid the lack of Brexit headlines, into a more predictable affair with the DXY/YS. At this stage, even as the pair lands on a key support area, the clear market rhythm is to keep selling on strength with no indications that the short-term flows via the 25-HMA slopes may be reverting. The downward trendline off Feb 8th high acts as a visual representation of the latest order flows. Any retest back into this line with sync slopes represents an attractive sell proposition.