FX CHART OF THE DAY (2): GBPUSD IS ON BREAKDOWN RISK
GBPUSD is on risk of a macro breakdown (see related chart)
On short term basis the situation is now tradable - Pound is breaking below 1st standard deviation from weekly (120-h) mean, amid expanding volatility (measured by 3.2 st deviations from the weekly mean)
Traders can pick shorts at the 1st standard deviation (1.5300) and stops at the weekly (1.5375) mean
Traders also should be aware of volatile events, expected tomorrow!
On short term basis the situation is now tradable - Pound is breaking below 1st standard deviation from weekly (120-h) mean, amid expanding volatility (measured by 3.2 st deviations from the weekly mean)
Traders can pick shorts at the 1st standard deviation (1.5300) and stops at the weekly (1.5375) mean
Traders also should be aware of volatile events, expected tomorrow!
