TanayUK
Short

Medium-term Cable Short - fundamental + technical

FX:GBPUSD   British Pound/U.S. Dollar
FX: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.
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