I am currently in a pretty large short position (I've posted about it earlier) and I am still anticipating a hefty drop in Sterling, amidst Brexit noise. I see a very uncertain area on my graph (with the question mark) where I feel momentum will not push GBP any further than that initial resistance. Therefore, I maintain my short position, aiming for 1.30 - 1.28, God Willing.
Cheers
Ryan
Odell Forex Trading
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