In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, there is good news for the pound potentially.
Bear in mind that we recently heard from Theresa May after a 7 hour marathon cabinet meeting. She is now willing to do a deal with Labour to try and break the Brexit deadlock. However, this deal comes with a number of caveats. It needs the approval of the EU, so plenty of developments in the pipeline yet.
From a trading perspective, we have identified a break out price point in the GBPJPY which gives us a high probability trade to the upside. The level to look for is a break above the 146.50 level.
Good News for the Pound Potentially – Full Video Analysis
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