GBP crosses

GBP: Need to look at the crosses to appreciate where the strength is coming from

Just take a quick look at the long-term GBP/NZD chart and then the bottoming formation on there and you get a sense for how under-valued the GBP is on certain crosses and how much scope it has for a recovery. If you’re bullish on the USD, I would not be looking at cable as a good pair to trade as long as these cross pairs keep recovering.

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