Morgan Stanley's trade of the week: Sell GBPUSD on political upheaval
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It's Monday so that means it's trade of the week day! Morgan Stanley are out with their latest and they say sell cable because of the political news and if commodities and equities move lower.
They say sell it for a profit target of 1.3900 and stop of 1.4580
There's no entry level price on the note but it's potentially off to a bad start as cable bounces to 1.4422 after the stop run to 1.4375
1.4440 and 1.4470 remain the two resistance levels before an attack on 1.4500
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