James Helliwell from Lex Van Dam Trading Academy joins the bandwagon of analysts calling for unwinding of shorts in GBP. Helliwell is expecting a rally in cable to 38.2% Fibo and suggests EUR/GBP shorts as a better option to play the revival in pound.
Helliwell also discusses oil chart and states the investors are buying the possibility of OPEC production freeze next month. The segment concludes with a view on USD/CAD pair.