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Currencies, as with most classes, find their own fair value levels. When the sterling is good & done flushing thru the pipe, it’ll let us know.
Till then, ratchet it back & forth along it’s range boundaries & let the powers that be worry bout sailing the economic ship!
There are some very clear & tradeable levels on the Pound (v/s the buck) to get stuck into. The volatility is also opening the ranges v/s other pairs too, as the respective economies blow-off against each other.
All good food for the speculator & those prepared to cast their lines out  |
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That's the thing right there Annie Oakley. Absorb enough of the outlying to add a little flavor to the pot. Too much spice & you kill the dish
Folks need to be mindful of overdosing on both technical as well as fundamental diets.
It's all very well understanding & appreciating the complexities of these economic scenarios - but you got to know how you're going to actually trade that info.
Not such an easy transition for most.