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MozzaB

Cautious long on GBPUSD to multidiagonal target at ~1.30

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
MozzaB  
OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD LONG fx
3
0
gbpusd long fx
There's a multidiagonal target on Cable (GBP/USD) at just below the 1.30 level that looks like it could be met. At the moment it looks like it will probably get there via a short squeeze on GBP shorts rather than necessarily momentum, but we'll see...
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