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MUFG trade of the coming week: Sell GBP/USD

MUFG trade of the coming week: Sell GBP/USD

Weekly top pick from Mitsubishi UFG
MUFG recommends selling GBP/USD (spot at 1.2927) with a target of 1.2630 and a stop at 1.3180.
“We are recommending a short tactical GBP/USD trade idea to reflect higher Brexit risks in the week ahead after the EU leaders summit failed to make progress on a trade deal,” MUFG notes.

Source: Forexlive RSS Breaking news feed
Date: October 17, 2020, 02:05