Analysis

Fade the GBP/Brexit optimism

The Brexit hopes lifted GBP/USD to 1.2700 on Friday but hopes of a meaningful breakthrough can quickly fade.

I am fading the GBP.

SELL GBPUSD

Sell at ENTRY: 1.2615

TARGET: 1.2500 (+115 Pips)

STOP:  1.2700 (-85 Pips)

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