Hello guys,
In this video i show what i see in this GBP pair and why i am only looking for short positions.The pound has been extremely weak and i believe it will continue seeing weakness as uncertainties continue post brexit. Britain has to negotiate trade deals with many countries now that they are on their on away from the benefits that came with being part of euro. This in addition to the fact that Powell will be testifying this week will for sure give the USD strength over the pound.Powell will likely support his decision to hold rates and speak of how jobs and NFP support the feds decision giving the USD a little bit of strength over the pound. I will also be carefully watching the us upcoming retail sales since i know with the corona virus effect they are likely to be weak which would reverse this bias. Until then i am only looking for shorts onGBP at my areas of interest that i have marked with boxes
In this video i show what i see in this GBP pair and why i am only looking for short positions.The pound has been extremely weak and i believe it will continue seeing weakness as uncertainties continue post brexit. Britain has to negotiate trade deals with many countries now that they are on their on away from the benefits that came with being part of euro. This in addition to the fact that Powell will be testifying this week will for sure give the USD strength over the pound.Powell will likely support his decision to hold rates and speak of how jobs and NFP support the feds decision giving the USD a little bit of strength over the pound. I will also be carefully watching the us upcoming retail sales since i know with the corona virus effect they are likely to be weak which would reverse this bias. Until then i am only looking for shorts onGBP at my areas of interest that i have marked with boxes