Long GBPUSD for medium term: momentum, weaker USD, short squeeze
Momentum in Cable has flipped to the upside, breaking a major 2 year downtrend.
CFTC data shows speculators still heavily net short GBP.
This speculators will get squeezed out, this latest break of 1.30 is just the beginning.
CFTC data shows speculators still heavily net short GBP.
This speculators will get squeezed out, this latest break of 1.30 is just the beginning.