Tough week in the market last week, with a couple of losses and a break-even trade. Not always going to be profits and wins, but thats just part of the game we play. Some decent opportunities lining up for next week though, so will be looking for some nice entries if they present themselves. Hope everyone is having a good weekend so far!
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With the fall of the US Dollar, GBP is one of the major currencies that is gaining bullish momentum and breaking to new yearly highs. Currently, it is approaching to the 1.40 historical pivot point that dates back to early 2001. If the bulls want to be taken seriously, they need to break and stay above this level for a much stronger upward move.
I currently have no positions on the GBP pairs, I’m mainly focusing on the Euro strength as it is much clearer.
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7 2634 days ago
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