Technical analyst recommends shorts in GBP/USD

Technical Analysis

Via  Bank of America technical analysis

Look to short GBP/USD while it is below its 52-week high of 1.3514

  • targetting 1.30 or the pair’s 50-day SMA

Whilst the view is based on a TA reasoning, the analyst says a risk is that current USD strength could be short-lived with the Fed policy meeting coming up  and/or real money interests still selling.

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