USD weakness in near term is here. We got a signal from our algo to long GBPUSD. It aligns pretty well with some fundamentals. This should be a temporary macro bottom before moving down to be honest. We will see how fast the US data is deteriorating vs the other continents. The USD had a pretty good run and it was at some historical levels. I think a healthy pullback is due. Take care and use proper risk management for this trade. You can TP1 at the first line or just leave the trade to run till it hits take profit. Up to you. We don't take partials and leave the trade as it is.
Trade closed: target reached:
wow...USD on a tear...christ on a bike