GBP crosses/Trade Ideas

Pretty hard to pick the next 50 pips in any major pair

To be honest, I’ve got absolutely no clue where the next 50 pips are coming from in any of the major pairs, it looks like a 50:50 bet up or down, in almost every case. Some of Europe is closed today so perhaps its best to sit back and wait for some moves in either direction which might offer¬†some¬†reasonable risk-reward for the short-term punter.

In terms of medium term value trades, I still think the GBP crosses look grossly oversold and there should be some good dip-buying opportunities there in coming days.

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