Short to 1.2779 After Rebound
Expecting GBPUSD to rebound to EMA20 before going further down to 1.2779.
While housing demand improved along with strong PMI data over the past weeks; UK-EU trade talks are likely to cause the currency to drop further as Boris Johnson's request of a Canada-style trade agreement is not reasonable in the eyes of EU. Both parties' stance will likely to cause the negotiations to turn much worse before getting any better.
Any constructive criticisms is much welcomed.
While housing demand improved along with strong PMI data over the past weeks; UK-EU trade talks are likely to cause the currency to drop further as Boris Johnson's request of a Canada-style trade agreement is not reasonable in the eyes of EU. Both parties' stance will likely to cause the negotiations to turn much worse before getting any better.
Any constructive criticisms is much welcomed.
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