Key Events :
1. GBP CBI Industrial Order Expectations
2. USD Empire State Manufacturing Index
3. USD Capacity Utilization Rate
4. USD Industrial Production m/m
5. USD NAHB Housing Market Index
6. USD TIC Long-Term Purchases
I believe that the pounds is still having downward pressure. Put-call options position reflected that the price converged at 1.55611 in past few days. Thus, our outlook remains the same, short position.
Short GBPUSD 1.57266 SL 1.58246 TP 1.55154
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Disclosure: The author is short GBB.