Position- LONG GBP

GBP gaining strength after UK signaled OCT 15 deadline to get a trade deal done with the EU will continue further. USD losing strength over US Speaker Pelosi and Treasury Secretary Mnuchin failing to reach a coronavirus compromise.

COT - Chicago Mercantile Exchange - GBP NON Commercial Contracts Long = (40.6k) ( +1,482)
NZD NON Commercial Contracts Long = (16.7k) (-345)
cftc.gov/dea/futures/deacmelf.htm



GBP YTD Performance - (-1.79%)
finviz.com/forex_performance.ashx?v=7



"With the Oct. 15 Brexit deadline looming, sterling traded sharply higher, gaining the title of the day’s best performing currency. GBP has been remarkably resilient despite the breakout of COVID, the threat of a circuit breaker if their tiered system doesn’t work and there is a hard Brexit. Investors remain optimistic as they latch onto reports that the UK won’t give up on Brexit talks. Negotiations are entering a critical stage and we think that the most likely best case scenario is that the deadline gets pushed."
-Kathy Lien

investing.com/analysis/us-dollar-drops-as-preelection-jitters-set-in-200541062

The Pair has fallen to market lows, in great long term position to buy. The overall structure looks like an ascending channel. TP 1 targets the nearest bank supply zone. TP 2 targets the 2nd bank supply zone that may reverse if it reaches this execution candlestick.
-Me