PipNubian67

Brexit kills GBP gains. Big Short? EU dispute hurts..

Short
OANDA:GBPJPY   British Pound / Japanese Yen
After a steady rise and likely coming strength from treasury bills the current EU debacle continues with impasse. Markets reacted badly on other GBP pairs so expect USD to follow. Time to cut CABLE?

GBP is close to natural resistance and therefore any early gains will be reversed after early trading.

Entry 1.251 after awaiting NY session to open then tp1 1.235 then 1.212 before tp3 1.18.
Normal risk sensitivities apply so recommend 5% or less and remember all trades have the potential to lose money.
EU trade dispute and increasing local Covid and race relations issues may cause the GBP to tank for awhile.

Natural fall and rise exacerbated by politics.

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