Currency call summary 25 08 2021:
We had the GBP pairs in focus today also included was an exalaination of the key 7 economic news indicators used by our traders to assist in putting together a trade plan. Selling opportunities on the GBPUSD if price comes back below 1.3720 using a 30 pip stop loss and 90 pip take profit. The EURGBP will be a sit and wait situation until price can come up to 0.85800 and reject this resistance zone entering below 085700 using a 20 pip stop loss and 30 pip take profit. Watch from 17:36 to 24:35 for GIm Hong’s USDCAD trade idea on the USDCAD. The DXY remains bullish in anticipation for the GDP news and the language coming from the Jackson Hole Symposium currently the US dollar as of writing this is range bound although recently has turned lower offering potential trades short the US dollar with a short term focus kept in mind.
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