I'm hoping to see one of these scenarios playing out on this pair. As you know, this is a fundamental period for both of these pairs. It is very important to keep the ongoing fundamentals in mind as these events can move the market whichever way it wants. The fundamentals affecting these pairs may be a push in our favor and present an opportunity, or they may go against us. Trade with caution and manage your risk accordingly. I would like to see the GBP rally continue, however, I strongly believe that price has to retrace once more before making further highs. If the GBP shows further weakness then I will be looking to catch the correction move down before looking for buys when the opportunity presents itself.
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