British Pound setting up for a big move down before August 2018

On July 2017 I published the long term risks associated with the British Pound once we would reach the pre-Brexit USD fx rate. Nearly 1 year later we are now in the pre-Brexit zone. I think late spring/early summer will reignite the bearish trend lower. I am not short yet. I am waiting for a break of the curve or high 1.40s (>1.47).

July 2017

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Price is now resting on the curve.
www.tradingview.com/x/
I am prepared to short if the right price action signals it.

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daily confirmed

weekly confirmed

Short from 1.4120

Zlecenie aktywne

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+1100 pips so far.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Profit taking time. Closing shorts, now looking for longs.

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Beautiful reversal from targets. Went long at 1.30xx