In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, there are limited opportunities but watch GBP.
Yes, this is a complicated market right now with all of the fundamental and political Brexit related developments. This is especially true with the Supreme Court currently adjudicating on the legality of Boris Johnson proroguing parliament.
As a result, from a fundamental perspective, this market can dramatically change at any minute. However, from a technical perspective, the GBP is clearly strengthening and this is what interests us for now. So if the GBPUSD breaks higher above 1.2558, the EURGBP breaks lower below 0.8800 or if the GBPJPY breaks above 135.67 then these all signify high probability trading opportunities and ones to watch.
Limited Opportunities but Watch GBP – Full Video Analysis
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