- Feb 16, 2019
Another good FX thread... also keeping an eye on it.
GBP taking a battering think we will see a small rise nothing big coming for the mean timeLooking back at EURGBP today. After all the fiasco of the general election we have settled in the range.
But we have the brexit deadline end of january so i think that is when we will see the next course of big movement for this pair.
Looks like were currently getting squeezed into a trignal, so i would wait for a breakout in either direction. Waiting for a retest would be ideal conditions, but sometimes we dont get them, so being alert of whats going on fundamentally is needed to catch the move.
Have a good weekend everyone, im on holiday next week so wont be around to provide analysis as i usually do. Remember patience pays View attachment 15206