Major bull market in the Pound going forward
Whether it's 1.54 or 1.49, the bottom for the Pound is in. At this point we may see a long term consolidation, but eventually the pound looks like it will move much higher. I believe the USD and GBP will be the strongest two currencies among the rest, so look to go long GBP against the weakest currencies. GBPAUD, GBPCAD - all present terrific opportunities to go long for the long term. Overtime, the chart tells me the GBP will reach 1.70 once again against the dollar, and maybe even 1.95.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.