I short GBPUSD at 1.4200 with stop loss 1.4350 (subject to be adjusted overtime to risk free) to target 1.3300/1.3100 in short term and may extended to 1.2000 in medium term. Multiple options also placed by interdays band and weekly bands.
@lapin_eliott, You probably correct. I just noted from the BOE statement in Davos that GBP regimes now "independent float" similar to EUR and CHF as well as USD, accordingly GBP pricing not correlated to major but correlated to her derivatives. At such, all previous measurements were not correct. However, the measurements on USDJPY, NZDUSD, AUDUSD, USDCAD and the EURJPY, EURCAD, EURAUD, EURNZD, GBPJPY, GBPCAD, GBPAUD, GBPNZD as well as NZDCHF, AUDCHF, CADCHF, JPYCHF (CHFJPY) are in compliance with the tools.
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