Sterling drops broadly today as BoE minutes indicated that the central bank is already discussing implementation negative interest rates. On the other hand, Yen is currently the strongest one, extending this week’s strong rally. Risk aversion and falling treasury yields are both helping the Yen high
Waiting on the retest of the support level to see if it turns resistance .This area also lines up with the 0.5 Fibonacci level where we would look for potential short opportunities to the 1.27 level. This is just my analysis and the market doesn't have to respect my opinion
The pound depreciated against its major counterparts in the Asian session on Monday, as concerns over a no-deal Brexit intensified after UK Prime Minister Boris Johnson has confirmed a deadline of October 15 for a free trade deal with the European Union.
"If London and Brussels don't reach a deal by
Good morning trader. Hows your trading? BTW, please have a look GBPCHF. My forecast is price undergoing correction, but yesterday drop but daily closed as bullish. Price expected to up today or next w...