Risk markets will put more pressure on GBP in general over the coming sessions. Here using dips to buy into with an end of year target at 0.95xx. BOE are already showing signs of distress with the cross below 0.853 which is key via rate differentials. A very technical flow as is usually the case with these cabinet reshuffles we get a retrace in the swing.
Adding this to the playbook at the close today with initial targets located at 0.8400, followed by 0.8425 and 0.8450. Invalidation comes into play with a daily close underneath 0.830x.
Good luck all those on the bid, same legs are playable in GBPUSD and GBPJPY in particular too. As usual thanks for keeping the support coming with likes and comments!