Sterling takes another plunge

In today's Technical Insights, Hao from Trade With Precision, analyses the GBP/USD and GBP/JPY charts and shares his trade plan on how to capitalise on this weakness.’

The British Pound crashed during the Asian session this past Friday. You may have read all kinds of reasons for this fall, such as "a fat finger trade" or an "Algorithm Triggered Sell Stops," etc. But technical analysis has hinted that sterling has been showing signs of weakness for some time now. In today's Technical Insights, Hao from Trade With Precision, analyses the GBP/USD and GBP/JPY charts and shares his trade plan on how to capitalise on this weakness.’