Our Trade of the Year - GBPUSD Macro Outlook
Traders & Investors!
Brexit is here and the slowdown begins. Our trade of the year can be expressed via GBPUSD.
Our view
- Macro slowdown via Brexit impetus on UK economy will force BoE into dovish future monetary policy
- Broader global contraction will keep the dollar bid supported
- Technicals favouring broader sellside swing toward 1.25xx and 1.20xx buyside floor targets (+7.50% move)
- Head & shoulders pattern topping off a key fibonacci retracement
- Thin price control below 1.25x handle
We have added sellside exposure across both our macro and directional portfolios
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We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
Like, subscribe and leave your comments below!
Until next time,
Portier Capital
Macro Strategy & Portfolio Management
Brexit is here and the slowdown begins. Our trade of the year can be expressed via GBPUSD.
Our view
- Macro slowdown via Brexit impetus on UK economy will force BoE into dovish future monetary policy
- Broader global contraction will keep the dollar bid supported
- Technicals favouring broader sellside swing toward 1.25xx and 1.20xx buyside floor targets (+7.50% move)
- Head & shoulders pattern topping off a key fibonacci retracement
- Thin price control below 1.25x handle
We have added sellside exposure across both our macro and directional portfolios
-------------------------
We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
Like, subscribe and leave your comments below!
Until next time,
Portier Capital
Macro Strategy & Portfolio Management