Long term Short - down to 1.18 once tariff news fades
This move up fundamentally is about USD weakness rather than GBP or EUR being strong - with further interest rate cuts coming, and the UK economy in a bit of a mess, gradual downtrend to continue... Good luck all!
Trade active
Took another lot - sell position at 1.2462 - target 1.2357 - long term 1.20 and below...Trade closed: target reached
TP hit on 2nd lot with 105 pip profit - first one still open; will hold for long term and let fundamentally weak GBP do the rest. Good luck all.
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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.