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Feb 28, 2023 7:12 PM

Time to Short? Short

British Pound/U.S. DollarFXCM

Description

A push to the upside ahead of BOE Gov Bailey"s Speech tomorrow. Could this be a bull trap setting up to trigger the next sell off ? If we continue to see Dollar strength in the market over the next few days this may well be the catalyst leading to a much weaker Pound over the next few weeks. A bearish monthly close for February signals bearish sentiment for March.
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