justatrader
Short

GBPUSD - Could turn out to be the trade of Q3

FX:GBPUSD   British Pound/U.S. Dollar
407 0 0
Bullish Sterling... something Carney might not want to have. But having said no to more QE , the Bulls are back in power. This trade is in continuation to my previous analysis on GBPUSD             , which pointed to a Bull run (despite when price hit 1.48 something). This analysis makes use of 'Measured Moves' and Pitchfork .

Either, Bernanke will ensure the Greenback takes over the reigns or perhaps a string of weak economic data could give the much needed push down to the Sterling.

Whatever the methods, its quite clear that 1.558/1.56 IS likely going to be the top.
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