GBPUSD … 1.35xx acting as major resistance after the country went back on the leadership merrygoround. There is a caveat to Pound shorts in the immediate term, with Johnson and a ruthless Downing Street in full control of the press and hitting the “right” headlines the positive narrative around Brexit will continue and therefore dips will be perceived as attractive too many. In any case well done all of those in shorts from the 1.35xx election highs … you will remember “perception is more important than reality with FX” … Remain nimble to take some chips off the table. A squeeze below 1.315x will make me excited.
Good luck all those trading EURGBP , GBPUSD and EURUSD . A superb lineup as we enter into the final stages of the year, thanks for keeping the support coming with likes, comments and questions!