In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, our main topic of focus is pound madness and opportunities in USDJPY.
Volatility is currently what characterises the British pound. Volatility which we feel is very much likely to continue. As we have witnessed, there have been 300+ pip moves across many of the GBP pairs. Most noteworthy, these have all occurred in a very short period of time, making trading conditions very tricky indeed. Hence, these markets should not be traded without a strong handle on risk management.
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Another market which we have seen a potential high probability opportunity in is in the USDJPY. Having seen a pullback in this market, we anticipate a push higher above yesterdays high of 113.70.
Pound Madness and Opportunities in USDJPY – Full Video Analysis
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