GBPUSD rally under pressure
=> The two month correction has begun coming under pressure again here as we approach the Brexit finishing line
=> A daily close below 1.2934 will open up 1.2786 for a test and if we crack the lows then 1.210x is next with nothing else in the ladder in-between.
=> This is a nightmare situation for the UK and we maintain our base case scenario on Brexit as hard/extreme
=> For those who have been following our Dollar outlook you will know we expect further strength into USD via yields.
=> We are set for fireworks today with NFP so best of luck to all those holding positions in live or looking for new entries.
=> GL
=> A daily close below 1.2934 will open up 1.2786 for a test and if we crack the lows then 1.210x is next with nothing else in the ladder in-between.
=> This is a nightmare situation for the UK and we maintain our base case scenario on Brexit as hard/extreme
=> For those who have been following our Dollar outlook you will know we expect further strength into USD via yields.
=> We are set for fireworks today with NFP so best of luck to all those holding positions in live or looking for new entries.
=> GL
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