In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we see that it is not looking good for the pound as we take a very close look at yesterdays price action in the pound.
Along with the recent negative news events over the last few weeks, there is a strong fundamental and sentiment bias to expect the pound to sell off. With this in mind, as we look at the charts, the technicals are falling into line also.
In the GBPUSD, we are looking to sell this market below 1.2771 and in the GBPJPY we are looking to sell this market below 141.14.
Not Looking Good for the Pound – Full Video Analysis
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