Pound Poised To Rally
Each
evening we focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the nightly
updates of the Futures and Market Bias pages. They are provided for
educational purposes only and are not intended to be direct trading
advice. Also, keep in mind that these remarks are made up to 12 hours
in advance of the markets opening. Therefore, overnight events may
alter the outcome of these observations.
The December British Pound (BPZ1)
looks like it has the potential to resume its uptrend out of a
pullback from highs.
Although the December Ten Year Notes
(TYZ1)
were down on Thursday, it still looks like they have the potential to
rally out of a pullback. Look for buying opportunities here but don’t
overstay your welcome as we remain in an event driven market.
Best of luck with your
trading on Friday!
P.S. Reminder: Protective
stops on every trade!
