Cover 1.8959.
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Gbp/usd
- Thread starter ForexPro
- Start date
Cover 1.8959.
Quote from YeahIknow:
No point being short, best to buy dips. I think the rallies which have happened in commodities will switch to forex, perpetuating dollar weakness on implicit structural concerns. I think long cable could be the trade of the year, could reach 2.15 by this time next year.
That's long term. Since there was no news now(2 more hours), and 1.9000 is short term strong psychological resistance, I figured a small trade with high probability could've been made (26 pip profit vs 25 pips potential loss).
1.8973 long.
Short 1.8961