The British Pound has been sold heavily in this Monday (September 8), market opening price 1.6198. GBP/USD closed in NY Friday at 1.6327 (GAP 129 pips).
Short positions below 107.20 with targets 100.00, 98.60, 94.30
Almost a month has passed since the last meeting of the ECB. May 8, the Forex market caught the Draghi comment: “ECB open to intervention in June if needed “, but as the famous quote goes: ” Buy the rumor, sell the fact “, and now it looks like a rumor and still not a promised fact, true or false we’ll see.
Long positions above 1.58 with targets 1.7300, 1.7800, 1.8140