GBPUSD

Following extreme selling on the risks associated with Brexit, the 10Y differential with the US has started ticking upwards especially after UK unemployment reached a 12 year low. As a volatile currency pair, the Pound is set for top gains against the Greenback as relief from risk-on selling tapers off in the short-term future

Upcoming trades

Entry to short @ 1.2600 with t/p @ 1.2400 and s/l @ 1.2700

Entry to long @ 1.2400 with t/p @ 1.2800 and s/l @ 1.2200