C.O.B.R.A. System Sell Alert: Sell Your Position In FXB Calls
FXB has been weak since our trade entry. Sentiment toward the U.K. economy turned lower in late September amid press reports about skyrocketing local energy prices. Also, a hawkish announcement by the Fed next week could put upward pressure on the U.S. dollar side of the GBP/USD cross-rate. So, we can minimize a loss by selling now.