Liz Truss Resigns - What's next for GBP/USD?

I’m not trading GBP pairs right now as volatility means the stop-loss distances on long-term trades are very expensive.

I have had bullish hopes for the GBP but its future attractiveness for me is dented by its good defence against the EUR - despite the catastrophic times the pound has gone through it is almost flat against the Euro - plus yesterday’s poor performance of GBP/USD, closing below the 50EMA and forming a bearish swing leg that closed below a recent swing low, 07/09.

My finger is off the Buy button.

I’m bearish on gbp/usd

1 Like