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GBP/USD finds support above 1.48

AdamFx42 更新23 12月  在 #Trader's blog #GBP Too Low #USD Weaker #Buying GBP/USD
Yesterday I noticed that Gbp/Usd was approaching 1.48
I decided to buy Gbp/Usd just above that level right away,
with a weaker Usd and Usd/Jpy lower, and Eur, Aud and Nzd stronger
it didn't make sense that Gbp/Usd kept falling - fundamentally
I added Gbp crosses to my Gbp/Usd long to hopefully catch some pips
The 1.48 level held for Gbp/Usd but it took hours to play out
I entered in the late afternoon and got out around midnight making only 10K
I do not like to leave my positions overnight other…
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Buying the lows in Euro and GBP

AdamFx42 1 4月的订阅  在 #Trader's blog #Euro Recovery Expected #GBP Too Low
Eur/Usd and Gbp/Usd offer buying potential this month
Eur/Usd bounced hard from 1.05 in a technical analysis on the weekly charts,
it looks like a low might be in place for now,
so current level around 1.07 could be retracement from the move to 1.10
Also, Gbp/Usd looks like a buying opportunity to me,
because the pound is very low compared with Usd if we look at current economic climate,
a lot of traders believe pound should be higher and are waiting to buy;
it would be nice to catch this coming…
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