The GBPUSD has been holding on to the technically significant 1.3550 area for over a week. With a stronger USD today coupled with the US 10 yr yield back above 3%… we saw a uniform move across the majors.
We entered the GBPUSD short risking 15 pips for a potential 84 pips to our daily target. The headlines about the E.U. stating that “the clock was ticking”… referring to the poor Brexit progress helped the move.
If the USD can remain strong and the US 10 yr yield stays above 3% …I expect the markets to be active as re-balancing takes place.
Good luck with your trading!