DislikedThe question is, where to from here? That intervention was less than many expected and less than it has been in the past. They no doubt are unhappy with how the interventions have been 'faded' by traders, potentially a multi-phase intervention to burn faders?Ignored
The market will only keep rising if more buyers step in at these levels. As a trader looking for high probability levels, this certainly isn't one to buy at.
On past interventions they have all been sold into and until something changes I don't see how this one will be any different.
I had a small long running from last week which did nicely. But if I'm honest with myself 50% of that move has just gained back losses over the last few weeks trading this pair, leaving my about a 200 pip profit for the last couple of months on UJ, not very good.