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MUFG trade of the week: Staying short GBP/CAD and long USD/SEK
MUFG maintains a short GBP/CAD targeting a move towards 1.63, with stop at 1.07050. MUFG also maintains a long USD/SEK targeting a move towards 11.450, with a stop at 10.650. "We are maintaining our short GBP/CAD trade idea. The trade recommendation got off to a good start this week resulting in GBP/CAD breaking further below the 200-day moving average at around 1.6735," MUFG notes. "We are maintaining our long USD/SEK trade idea. It has been a volatile week for the SEK but recent developments...
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Posted: Sep 24 2023, 21:22
Author Name: forexlive
Views: 1122100