POTENTIAL SELL OPPORTUNITY GBPUSD
The British Pound has gained momentum at todays trading by performing better among the G20 currencies. This is at the backdrop of Brexit headlines about a possible deal agreement. Downing Street has recently sent out a confirmation to news outlets that read: "Cabinet will meet at 2pm tomorrow to consider the draft agreement the negotiating teams have reached in Brussels, and to decide on next steps. Cabinet ministers have been invited to read documentation ahead of that meeting."
Overall long term trend of Cable Dollar looks bearish. Todays rebound has provided some opportunities to look to go short in the market between 1.312 and 1.318. Therefore, we prefer looking for sell signals within that zone to go short.
Overall long term trend of Cable Dollar looks bearish. Todays rebound has provided some opportunities to look to go short in the market between 1.312 and 1.318. Therefore, we prefer looking for sell signals within that zone to go short.
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