LEONES
Short

Pound retracement

CME:B6Z2012   BRITISH POUND FUTURES
131 0 0
December12 British Pound: the price found resistance at 16300. Last Friday a 5 month high has been reached but didn't hold and pulled back intraday. There are no real fundamental reasons why the pound should trade higher a part from the recent dollar weakness. I would enter a short at 16200 with target objective on the sliding parallel and 20 EMA , around 16100.
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