After a nice bounce from the bottom of this channel, there has been a retracement today. This should be seen as an opportunity to go Long.
There are strong fundamental reasons that make me believe that GBP is undervalued.
If anyone is wondering how to actually this trade:
Just BUY the same GBP amount (X) of all the GBP pairs (GBPAUD, GBPNZD, GBPUSD, GBPJPY, GBPCAD, GBPCHF) and (X/1.14) euros of EURGBP.
There are strong fundamental reasons that make me believe that GBP is undervalued.
If anyone is wondering how to actually this trade:
Just BUY the same GBP amount (X) of all the GBP pairs (GBPAUD, GBPNZD, GBPUSD, GBPJPY, GBPCAD, GBPCHF) and (X/1.14) euros of EURGBP.
Commento:
I mean X*1.14 Euros - sorry.