A quick GBPUSD Long position for £143.60 profit

A quick GBPUSD Long position for £143.60 profit

With some vital USD data due out today concerning CPI and US retails sales, the forecast for both wasn’t looking good a GBPUSD Long Position trade was for the taking.

With Brexit potentially weighing on GBP it has kept a steady level and managed some strength for a help to push up for a GBPUSD Long position, we managed to take £143.60

This could be a clue to the banks getting in a good position to hedge in case of good US data which will strengthen the Dollar and go short.

Either way, we did our analysis and took our opportunity to take a quick position.

GBPUSD Long Position

 

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