GBP/USD Ready for a Bullish Surge

We’ve been having some very interesting movement on the GBP and EUR recently. Most interestingly, they do not seem to be correlating at all. As the Euro surges against the US Dollar in recent sessions, the GBP is actually breaking through key areas to the downside…

However, it seems that the GBP may have finally found a place to slow down and make a turn to the upside. Casey explains the trading opportunity in this video:

 

 

Be sure to leave a comment with your own thoughts on these pairs.

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  • Benson

    Hello Casey, thanks for the analysis, but did you consider NFP coming out today (8/1/2016) ? Do you think your analysis will correspond to the NFP?
    Thanks