In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we see that GBP strengthens on May’s offer.
Yesterday in Parliament, in the interest of peace and harmony, Theresa May offered the opportunity for Parliament to delay Brexit if no deal is reached. This would, effectively, this stop the UK economy from falling off a cliff. As a result, when we take a technical look at the charts, we can clearly see strong momentum to the upside for the GBP. Now, we are needing to see further continuation to the upside.
This means that in the GBPUSD we would like to see this market break above 1.3290. This same level in the GBPJPY is 147.07 and, finally, when looking at the EURGBP we are looking for prices to break below 0.8565.
GBP Strengthens on May’s Offer – Full Video Analysis
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