In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we analyse the markets with BOE possibly not doing enough. As a result, we have identified a few high probability pound trades.
The BOE has increased its quantitative easing programme. However, it soon became apparent that the pound began to weaken off the back of this news event. Consequently, it has provided us with a few pound trades to take advantage of.
Firstly, looking at the GBPUSD, we are looking to sell this market below yesterday’s low of 1.2400. We have a similar sell trade in GBPJPY if prices again break below yesterday’s low of 132.38. The last pound trade which might give us a good opportunity to the upside is in the EURGBP. We are looking for this market to break above yesterday’s high of 0.9050.
BOE Possibly Not Doing Enough – Full Video Analysis
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