In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we advise you to keep watching the British pound.
We have a few important trades to point out, with a couple of really strong, potentially, no brainer trades if we see price action break some key levels. The markets we are looking at specifically the GBPUSD and the GBPJPY.
As we look at these markets from a technical perspective, we have seen strong consolidation at potential swing highs. This means that if we get a strong break below yesterday’s lows in each of these two markets, we will be trading markets with a high probability of a successful outcome. Of course, always proactively manage risk as standard.
In summary, The all important levels in the GBPUSD market are 1.3011 and that same level in GBPJPY is 144.08.
Keep Watching the British Pound – Full Video Analysis
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