DislikedGU:
The high impact USD releases happen tomorrow. I shouldn't be surprised to see another pump before then. But price has fallen to the FR 62% level on the Weekly, so I remain short biased.Ignored
Since the last post, FFCal has upgraded the GBP release "MPC Member Posen Speaks" from medium to high impact. And the US traders started another leg down. This could be anticipated as bad for GBP, and price is falling accordingly. Or, this could be anticipated as good, and the market movers want to bottom the price, unload their shorts and switch to longs. There is just no telling.
I am thinking of closing the trade so that if price is re-pumped I can enter short higher again. If I do, but then price continues dropping, I'll just have to lick my wounds while waiting for another pullup.