GBP/USD – Geared Up and Ready to Launch Here?

Having tumbled since June this year, down to 1.4790 today, Cable looks set to bounce hard from here.

How much lower can it go?

I can’t remember which website I was reading a few days ago, but certain economists were predicting GBP/USD going all the way down to 1.2+. lol crazy, not going to happen.

In fact, this pair is likely to go up from here, and the risk-reward at this point is, in my view, fantastic.

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