Beware being caught long sterling pairs, the market may be short but it wants to be

  • sterling getting knocked against everything
  • the market will have no qualms selling
  • if anyone took the eurgbp pair looks like a keeper
  • Uk news just keeps getting worse and worse so expect this to continue and don’t fade the trend (similar to USDJPY) – watch for short squeezes but sell rallies
  • however if you in the money and unsure the ‘grab the money and run’

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