Have shorted this pair today as the markets seem to be risk on supporting the Aussie dollar. The GBP seems to be weak so far this week due to Brexit uncertainty.
Fundamentally I would be bearish on this pair albeit with a weak conviction as the pound seems to find strength when I don’t expect it.
Fundamentally I would be bearish on this pair albeit with a weak conviction as the pound seems to find strength when I don’t expect it.
Trade closed manually:
Closed position manually as it is closes in on recent lows where I would expect it to find support and even a bounce off of the level going back to 22 July 2020 of 1.7700. Would like to get a little bit more but have a healthy profit so have closed at 1.7782 for £13 profit.