Elliot_Myers

GBP/USD - Short Set Up

Short
FX:GBPUSD   British Pound / U.S. Dollar
Trend Continuation.

Sterling is heavily driven by polling on Brexit with the exit camp taking a 4 point lead in the latest polling over the weekend.

We expect sterling to fall on diminishing prospects for the remain vote. Failure to capitalise on poor pay rolls and a close below key weekly resistance are confirmation factors in our bearish view on the pair.

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