In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we advise you to keep an eye on GBP strength.
Even though we saw poor CPI data on Wednesday, we have still seen recent strength in the pound. As a result, we have looked at all of the usual pound pairs that we trade and have come to the same conclusion from a trade opportunity perspective.
If prices break above yesterday’s daily high of 1.3080 in the GBPUSD then we will be looking for opportunities to buy. It is the same situation for the GBPJPY. Above the 144.35 level is the price we are looking closely at. Finally, in the EURGBP, we like prices below yesterday’s low of 0.8500.
Keep an Eye on GBP Strength – Full Video Analysis
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