Sterling weakens against the US dollar pre NFPs
|After yesterday's rally in the Pound due to the BOE's not talking about a negative rates scenario the Pound is coming back down from the 1.3180 zone.
This was however accompanied with somewhat distressing employment forecasts.
The USD is picking up big buyers from the lows and is about to break with the previous highs around the 93.00 level and unemplyment and avg. hourly earning forecasts are actually good.
We have a good risk to reward scenario on a high probability setup for a Pound pullback.
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