GBP/USD
Strategy: Short at 1.6648, Targeting 1.6132
Weekly Profit / Loss: +210 pips
Total Profit / Loss: +589 pips
We sold GBPUSD at 1.6648. The downtrend looks set to accelerate as prices take out the bottom of a near-term falling channel having surpassed our revised target at 1.6132. We will remain short, maintaining a stop-loss at the break-even point (1.6648) and aiming for 1.5802 from here.
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