Our Tables Continue To Highlight GBP Weakness
Mon 18th September 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
GBPCAD (Primary Focus Pair)
EURUSD (Covered In Video)
EURCAD (Covered In Video)
Our live proprietary forex strength vs weakness tables continue to highlight the GBP as a weak currency.
It tops both the day traders and trend trades table being weak 1 (W1).
Whether this stays that way is a different question as there are high impact news events this week.
Wednesday 20th September 7am BST- Consumer Price Index,
Thursday 1st September 12pm BST- Bank Of England Rate Announcement.
These types of data announcements can create a change in direction, so they will need to be monitored appropriately.