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- BeeTogether replied 36 hr ago
next week I’m gonna let it ride. UK data should indicate a rate cut so this could drop like a lead balloon
- BeeTogether replied 36 hr ago
R2 top end for the day I think. We may have even seen the days high already. Correction could begin on Monday with no volatility data
- BeeTogether replied 37 hr ago
Next week will be interesting weak inflation news from the UK which is the expectation will increase rate cuts talk this drop the pound we could potentially see 125 aagin
- BeeTogether replied 37 hr ago
its fryday both bulls and bears get to play. Monday I’m looking for a drop of at least 50-80 pips
- BeeTogether replied 38 hr ago
yup, closing in on 127. However a drop on Monday can’t be ruled out
- BeeTogether replied 39 hr ago
Back to opening levels. Might have seen the days lows being a Friday
- BeeTogether replied 41 hr ago
40 pips to go… I’d take it but first S1 needs to crack seems to be a very good support area right now
- BeeTogether replied 41 hr ago
Id be surprised if we see 128 today however 127 isn’t out the question one hour before NYO just some piddly yellow data today so nothing to make the market move much. Off to chill out now
- BeeTogether replied 41 hr ago
but then again I don’t think the bulls are much better. We are in a small range area and the bulls as of yet still haven’t managed to get back to yesterdays high
- BeeTogether replied 43 hr ago
Looks like the bulls waking up a bit. Hangover time
- BeeTogether replied 43 hr ago
yup it is stubborn but it’s only 10am UK time plenty of time left
- BeeTogether replied 43 hr ago
personally I’d be happy to be near the lower 126 areas this week. There is a good opportunity for 100 pips long I think around 12620-12590 (last weeks high)
- BeeTogether replied 44 hr ago
it seems Friday beers are in a bit early today. Looking like it will drip down towards 12630 area
- BeeTogether replied 46 hr ago
It be good to get close to 126 for COB today. Can’t see it but as we’ve had nearly 200 pips spread this week I’m expecting a bit of profiteering. Staying just iver 126 could give it the boost for a Monday move to 127.
- BeeTogether replied 46 hr ago
Id love to see the good old days of 120 again! But unless something goes tits up for us here in the UK we ain’t getting down there. MF just teased 123 and shot up!
- BeeTogether replied 47 hr ago
Could be a profiteering Friday… still short looking to go long between 12630-12610. Ideally it be at last weeks high but I can’t see a drop to that area today especially there is no data to increase any huge moves
- BeeTogether replied May 16, 2024
It seems we are closing in the opening area give or take a few. From a bullish perspective that’s a good turnaround. No proper data to write home about so it could be a similar to today days a bit of up and some downs
- BeeTogether replied May 16, 2024
it is overbought as we have seen over nearly 200 pip spread this week alone.
- BeeTogether replied May 16, 2024
like to see the days low crack but it’s not looking too doable