In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we discuss how the pound is still providing better opportunities.
There was a ‘softish’ speech from Boris Johnson when visiting the Irish Taoiseach in Dublin. This, mixed with stronger than expected GDP and manufacturing data released, quickly gave the pound the impetus it needed to finally kick on.
In terms of trade selection, we have chosen the GBPJPY over the GBPUSD just because the USD is marginally stronger than the JPY at the moment. As a result, we like opportunities to buy GBPJPY above yesterday’s high of 132.56. If you are interested in the GBPUSD, we will be looking for this market to push higher above yesterday’s high of 1.2380.
Pound Is Still Providing Better Opportunities – Full Video Analysis
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