Sell GBPUSD after the Bank of England this week
Richard Matthews from Pardus FX meets with Blake Morrow to discuss the #forex market this week as we turn our attention to the BOE decision and the NFP at the end of the week.
Richard thinks that the market should still sell rallies in the GBPUSD and a move to the 1.2350 level would not surprise him, but this would be a level to short into!
Richard also thinks that the Non Farm Payroll data will continue to be strong and support the US Dollar.
//SPONSOR – EIGHTCAP ✅ https://www.eightcap.com/en/?cxd=36247_377587
Eightcap was founded in Melbourne, Australia, in 2009 with a simple, clear mission: to provide exceptional financial services to their clients. The broker is committed to building a home for MT4 and MT5 traders. This fundamental principle remains at the core of everything they do at Eightcap, and they believe staying true to it is pivotal to their success. Now with five offices across the globe and regulation in multiple locations, they provide clients worldwide with the ability to trade on a broad range of markets across FX, Indices, Cryptos, Commodities and Shares.
They are an award-winning broker who is focused on traders security and peace of mind. They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for traders to trade on. That’s why they have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards and, more recently, been named the Best Crypto Broker at the AtoZ Market Awards, 2021.