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Good morning traders, we like to present you with our view  for today on some seleted pairs.

GBPCAD, EURGBP  and GBPCHF.

GBPCAD:

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

Pgfx market analysis chart 26_3_2020

GBPCHF:

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

Pgfx market analysis chart 26_3_2020(1)

EURGBP:

Pgfx market analysis chart 26_3_2020(2)

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.

FUNDAMENTALS:

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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NB: please stay safe this period and practice optimal hygiene.

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