Good morning traders, we like to present you with our view for today on some seleted pairs.
GBPCAD, EURGBP and GBPCHF.
We saw this pair dipped and broke the bullish market structure yesterday, a view to short around 1.6950 zone is ideal for today.
Going by the the position of the bearish market flow on the daily and weekly tf , we can expect invalidation to be at 1.7124
On GBPCHF , we still hold a position to sell the rally as the weekly bias suggest bearishness, and going by yesterday close, we can see a sign of topside rejection forming M-top .
To this effect , we want to plan a sell on pullback to 1.1675 zone with invalidation at 1.1750 and tentative target towards 1.1435
A possible dip to 0.9100 zone is expected for us to take the anticipated buy on this pair. We hold an opposite view to the earlier pair GBPCHF.
Risk Rebound Fades as Focus Turns to Jobless Claims and BoE
The market is a bit rebounding after the approval of $2T Stimulus injection as relief by the FED, outlook now focus on the outcome of the UK rate decision later today.
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