GBP Update 10.24.2020

24 thg 10, 2020

The GBP (or Mr. Toads wild ride) has been choppy and extremely volatile, but... there is a trend underneath all of that madness. The GBP is slowly grinding to the upside. There is a pretty clean ascending channel on the 4 Hour (see chart below). Who knows what the GBP will do in the short term, but the last push to the downside is overextended and without consolidation, so we "should" see a push to the upside soon to correct the imbalance.

Expect extreme volatility and a long term bias to the upside.

If you want access to the Currency Matrix used on this chart, you can get it here: tradevision2020.com/