GBPUSD is now 200 pips in profit from our short entry zone but the outlook on this currency paid is unclear at present. At best we are still seeing a short term move to 134.7 but this is more risky than usual as we’ve not been able to forecast a medium term position on this currency pair – may be wise to take some profits now depending on your view.
As usual we will provide updates and entry zones on GBP USD as the trend and timings become clearer.
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