The aftermath of Brexit saw funds swinging toward “safe haven” currency such as USD, JPY as well as Gold.
We continue to remain cautious in this volatile market, which at the same time presents good scalping opportunities on many pairs.
Some pairs that we are watching includes:
EURUSD – We continue to maintain a bearish bias on EURUSD.
GBPUSD – we think there is a potential to buy on dips as GBPUSD is at one of its lowest levels in 30 years
EURGBP – potential short scalping opportunity
EURNZD – a surprisingly volatile pair which we have been shorting since last year. Staying out and watching on this pair as the pair approaches 1.55
The above represents our personal views and in no way constitutes advice in any manner. We recommend all readers to do your own due diligence.