The USD continues to be favourable among other currencies during these questionable times, the Euro not looking half as weak as the pound, but I am still expecting to see new lows here this week.
Entry was taken at 0.96650 looking for 100 pips and fresh lows. Bare in mind though people, there was a huge down move on Friday. Trading early in the week would not be my best advice, sit still until the moment arrives.
I am staying away from GBP right now as we are very much in unknown territory. It will be interesting to see whether these lows can hold, however with the way the economy is going here in the UK, nothing would surprise me.
Best wishes
Jake
Entry was taken at 0.96650 looking for 100 pips and fresh lows. Bare in mind though people, there was a huge down move on Friday. Trading early in the week would not be my best advice, sit still until the moment arrives.
I am staying away from GBP right now as we are very much in unknown territory. It will be interesting to see whether these lows can hold, however with the way the economy is going here in the UK, nothing would surprise me.
Best wishes
Jake