GBPUSD : SELL
I saw the short play using technical analysis without knowing about the fundamentals.
As I study more into GBP, there's a lot of things that could go wrong with the British pound or the mere fact that Brexit is happening by the end of December with or without a deal.
A No Deal scenario will strongly support my SELL bias, while a fair trade agreement and a worse than predicted US NFP will be the glimmer of hope for GBP at least until the end of December.
nontheless Brexit is happening and EU will definitely get the upper hand of any possible deal.
UK can't expect to have the longer end of the stick after deciding to leave EU.
As I study more into GBP, there's a lot of things that could go wrong with the British pound or the mere fact that Brexit is happening by the end of December with or without a deal.
A No Deal scenario will strongly support my SELL bias, while a fair trade agreement and a worse than predicted US NFP will be the glimmer of hope for GBP at least until the end of December.
nontheless Brexit is happening and EU will definitely get the upper hand of any possible deal.
UK can't expect to have the longer end of the stick after deciding to leave EU.
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