We are right on the verge of a massive breakthrough for GBPUSD pair, currently the pair is in consolidation mode, patiently waiting for the grand news of a upcoming deal!
However, the UK has shown multiple times that they can step away from the negotiations at any point and hence why bulls are very cautious but optimistic.
The market is currently in risk on mood which means that safe haven dollar is taking a beating, luckily being saved from free fall by corona virus headlines.
Over the next couple of days we will see a massive rally or a massive sell off. Be vigilant do NOT follow technical analysis but the news, as no technical analysis will save you in case of either a deal or no deal.
Be smart and use tight stop loses and risk management of 1% especially for this pair if you are using technical instruments to guide you.
Let's catch some pips tomorrow guys!
However, the UK has shown multiple times that they can step away from the negotiations at any point and hence why bulls are very cautious but optimistic.
The market is currently in risk on mood which means that safe haven dollar is taking a beating, luckily being saved from free fall by corona virus headlines.
Over the next couple of days we will see a massive rally or a massive sell off. Be vigilant do NOT follow technical analysis but the news, as no technical analysis will save you in case of either a deal or no deal.
Be smart and use tight stop loses and risk management of 1% especially for this pair if you are using technical instruments to guide you.
Let's catch some pips tomorrow guys!