Sell GBPUSD Short

British Pound/U.S. DollarFXCM

Description

⋅ Mar 21, 2016 10:24 AM

We will look to sell GBPUSD.

1) Brexit and political uncertainty is rising in UK
2) The move up after FED meeting and Yellens comments was due to dollar weakness.
3) Over all Dollar will remain Strong.
4) Risk for the trade: If USD remain weak and commodities supported.