ridethepig

Short Term Floor in Cable

Short
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
=> As widely expected BOE raised interest rates last week
=> Here we are expecting Pound to find short-term support from the monetary side for August
=> Technically we are trading at the bottom of the range with the Hard Brexit train approaching the station. We will see a pullback here into September as FED rate hoke Sept are priced into the Dollar side giving Pound some short-term relief before seeing further weakness into Q4 and beyond.
=> GBPUSD Long @ 1.300 | TP1 1.33 | TP2 1.345 | SL 1.290
=> Good Luck

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