Medium-term Cable Short - fundamental + technical

Fundamental: the risks of Brexit continue, which should continue to weigh on Sterling.

Technical: Cable was rejected at 1.3050, and shows divergence on short term charts towards the 1.30 level.

Below the psychological 1.30 handle, cable is bearish and should head towards 1.25 if the current economic climate persists.

Trade closed: target reached

Done

Exercise-Discipline

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Exercise-Discipline