So... the UK data coming out today is pretty important, if bad it increases the chance of a rate cut by the BOE, but if positive it kinda kills it! So there should be pretty big movement on the GBP if the print is better than expected or worse thane expected!
The video pretty much explains our thinking here and our trading tactic, we are long on GBPUSD and we are targetting the 120% mark seen on the chart on the right, a solid 100+ pip move!
Right now the GBP is tanking, but thats just due to expectations of the analysts, who are rarely right and they don't even trade for a living, the charts say GBP is long and we will TRADE WHAT WE SEE !
If you like the video give us a follow!
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Apologies for the sound coming on and off... the video works well after a few seconds!
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Both assets showing great signs that bulls will come in the next 4 hours