Sforex
Short

Sterling: The decline is ongoing. I position Sterling to 1.4800

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
403 1 5
After payrolls and BOE Meeting last week, I think the mood to trade Sterling is SELL.

The reason according to my view are:

- FED definitely hike rate on December, and market will pricing for that decision.
- BOE delays to 'liftoff' because they want to see FED do first.

I see Technical Analysis is consolidating for the decline of Sterling.

4 breaks :
- Break 1: The trend line break .
- Break 2: Strong support at 1.5100
- Break 3: SMA50 + SMA 200 break
- Break 4: Kumo cloud break.

With the consolidation of downtrend, I believe GBPUSD             will fall to 1.4800 and even further to the year low 1.4600
thank so much
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