Johnman
Short

Price seeks support, good R/R ratio

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
72 1 1
Price action seems to be headed for support at 1.50680 after testing the top of the channel/wedge. Good risk/reward ratio on this one.

Fundamentals support this move since the possibility of a UK rate hike anytime soon is now gone. Retail Sales is expected worse and the outlook on USD is positive.
I didn't realize I was basically posting the same idea twice. My bad!
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