As you can understand, the markets have not calmed down after yesterday’s news on trade war and its possible extension for one more year. Trade are seen running for safe havens and It is understandable – we want to save our money and we want to win. And it is not guaranteed that USD should provide us the opportunity to win today. On the contrary – traders seeking safe havens is a clear sign that we should look for winning opportunities somewhere else.
For example, in GBP/USD. The couple is clearly doing very well for itself. The surge, that came yesterday, did help it to come higher and the fact that there was no subsequent fall is only helping us trade GBP/USD. Of course,with general elections being the main piece of news in the UK, the situation can change pretty fast, so the couple to be looked out for, but for now, GBP/USD is one of the best trading instruments in the markets, that is undeniable.
Will we see a fall for GBP/USD? Will is grow a lot? Well, a fall is more likely for now, but remembering greenback’s behavior, I am going to go ahead and say that today anything is possible.
Use our trading signals to know where the couple is going to go next.