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Exercise-Discipline

Medium-term Cable Short - fundamental + technical

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Exercise-Discipline Updated   
FX:GBPUSD   British Pound / U.S. Dollar
cable short gbpusdshort gbpshort
3
0
cable short gbpusdshort gbpshort
GBPUSD

Fundamental: the risks of Brexit continue, which should continue to weigh on Sterling.

Technical: Cable was rejected at 1.3050, and shows divergence on short term charts towards the 1.30 level.

Below the psychological 1.30 handle, cable is bearish and should head towards 1.25 if the current economic climate persists.
Trade closed: target reached:
Done
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