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A trader's reality lives on their time frame so if you're looking at the five minute chart, today's a weak day for the USD. If your time frame is of the longer-term variety and your vantage is from the daily, then the USD is just taking a breather.
Finding the tomato can. That's my first rule when trying to buy into a strong individual currency story. The referendum took the weight off the GBP and it seems ready to resume its bullish ways after selling off for ...well you know all the reasons! Are traders ready to price a 2015 MPC rate hike back in? Does the data support it? It's back. Or is it? This Thursday BOE Gov. Carney will be speaking and it's a prime opportunity for GBP bulls to get this train back on the tracks.
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Across many pairs you will all-too-consistently find trends that accelerated. This opens up the possibility of more aggressive entries on shallower corrections.
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