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 high-level
"micro" cup and handle. Look for a buying opportunity here.
The December Swiss Franc (SFZ1),
mentioned recently, still looks like it has the potential to
rally out of a pullback. Continue to look for a buying opportunity
here.
Best of luck with your
trading on Monday!
P.S. Reminder: Protective
stops on every trade!
