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Exercise-Discipline

Long GBPUSD for medium term: momentum, weaker USD, short squeeze

Long
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
Exercise-Discipline  
FX_IDC:GBPUSD   British Pound / U.S. Dollar
GBPUSD GBP USD gbpusdlong gbpusdbuy cable
4
0
gbpusd gbp usd gbpusdlong gbpusdbuy cable
Momentum in Cable has flipped to the upside, breaking a major 2 year downtrend.

CFTC data shows speculators still heavily net short GBP.

This speculators will get squeezed out, this latest break of 1.30 is just the beginning.
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