GBPUSD - Daily - It's like blowing against the wind.
You know what happens when everybody starts to hate a certain commodity, or currency, or an index, or a stock? It creates value for money. Not always, of course, but in most cases.
Everybody is skeptical about GBP. I'm not a huge fan of it as well, but I know that markets like to surprise everybody. And when everyone is skeptical and negative about a currency, then suddenly it shoots high up. And then you have your CNBCs and Bloombergs going: "Totally unexpected move by the...!".
I will make a bullish call on this one. I think it still has got a surprise element left in it. At least to 1.28 level. Ideally, I want to see 1.29. But let's wait and see.
As always, keep an eye on the price action.
Everybody is skeptical about GBP. I'm not a huge fan of it as well, but I know that markets like to surprise everybody. And when everyone is skeptical and negative about a currency, then suddenly it shoots high up. And then you have your CNBCs and Bloombergs going: "Totally unexpected move by the...!".
I will make a bullish call on this one. I think it still has got a surprise element left in it. At least to 1.28 level. Ideally, I want to see 1.29. But let's wait and see.
As always, keep an eye on the price action.