LineTrader1209

GBP/USD resting on 13-year downtrend line, might be squeezed

Long
FX:GBPUSD   British Pound / U.S. Dollar
Brexit deal in the next few days could decide where Cable goes for the next few years. Watching closely for positive break-out, which should eventually take this pair to 1.40+ as GBP remains cheap historically. Will move fast too, as this pair is heavily shorted.

However, may goes lower in short-term, as Brexit deal essentially priced in already, but extremely hard to predict.

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