Our short was executed perfectly with 215+ pips locked in.
But now where is GPBUSD going?
If we take a look at BXY (GBP Strength Index) its rather unclear, we have a bias to say that GBP should fall with the brexit dealings.
Take DXY (USD Strength Index) however and we can see a clear path to weakness.
What we think could happen is a 2-5day drop down to the trendline. Followed by a significant surge up to the supply zone.
But now where is GPBUSD going?
If we take a look at BXY (GBP Strength Index) its rather unclear, we have a bias to say that GBP should fall with the brexit dealings.
Take DXY (USD Strength Index) however and we can see a clear path to weakness.
What we think could happen is a 2-5day drop down to the trendline. Followed by a significant surge up to the supply zone.