We certainly wouldn’t short this pair, so we are looking for any type of have on the short-term charts as a reason to go long. The Bank of England continues to hold rates where they are while the Federal Reserve continues to add to quantitative easing. With the jobs number out of the United States coming out later today, there is a chance that we could see some serious volatility over the next few hours. We still think ultimately this pair rises and are willing to take long positions when we pulled back over the next 12 hours.
Written by FX Empire