GBP/USD continues its volatile Brexit ways. The pound saw its initial gains eroded back to test below £1.31, where it has found some support after EU stepped up to avoid a hard Brexit from occurring next week and gave the U.K an extra two week of an ‘unconditional extension’ now set at Apr 12. If the U.K parliament agrees on PM May’s deal, the U.K. will leave the EU on May 22. If it doesn’t, the U.K. will either ask for a longer Brexit extension or crash out without a deal on April 12, the new deadline for Brexit.
Professional Techniques For Short-Term Currency Trading
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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