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Finchcliffe
Jan 23, 2024 2:01 PM

GBPUSD: BoS, weak GBP, strengthening USD Short

British Pound/U.S. DollarFXCM

Description

I'm expecting a big collapse from this pair over the next few weeks.

I'm seeing a Break of Structure on the lower timeframes, with 1hr retest.

GBP data shocking and certainly indicating recession, USD not looking like a recession. Heightening global conflict could also lead to a stronger USD.

I'm going short on this pair, first target 1.255.

Comment

So far so good!!
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