More Dips, Same Trend

Our first full week of the new quarter and we are greeted to a correction in GBP across the board. With the Bank of England rate decision this Thursday, price action today indicates tons of positioning as market participants take profits and set orders ahead of the announcement.

GBPJPY DAILY CHART

 

GBPNZD DAILY CHART

 

EURGBP DAILY CHART

 

$GBPUSD chart: Healthy Dips Make for Healthy Trends (FMFX)

Trade what you see.

 

 

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