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2 Jun 2015
Going short on GBP/USD – Westpac
FXStreet (Barcelona) - The Team at Westpac sees GBP/USD declines towards the 1.50 handle, hence suggest remaining short on the pair.
Key Quotes
“We add short GBP at 1.5207. We see GBP being dragged lower by a weak EUR/ strong US$.”
“A very weak current account momentum signal leaves our model overall bearish cable.”
“Finally, while our technical views are yet to fully confirm a negative multi-week outlook, we see a retest of the 1.50 level and beyond. We will run a stop at 1.5460 on this trade.”
Key Quotes
“We add short GBP at 1.5207. We see GBP being dragged lower by a weak EUR/ strong US$.”
“A very weak current account momentum signal leaves our model overall bearish cable.”
“Finally, while our technical views are yet to fully confirm a negative multi-week outlook, we see a retest of the 1.50 level and beyond. We will run a stop at 1.5460 on this trade.”