DislikedI completely understand your curiosity but I think this 385 pips jump happened because of two main factors:
1) Euro jump from 1.3972 to 1.4202
2) 3 red news of US came out negative
My conclusion based on 1) and 2) is this bounce is a fake bounce and this whole week is a mistry, on the week open there was huge gap up for 320 pips and today on the week close there was a huge bounce for 385 pips - hey this is a currency market man - face the market challenge or change your way of living...
Every day is different and every week is different my friend based on strong downtrend and UK is in sink mode with all its negative news, I think on Sunday open Asia will have hopefully gap down as I observer Asia open for the last 4 days believe me, every day Asia is either filling the gap up or filling the gap down. Since today was a huge gap up so my anticipation for Sunday open would be a gap downIgnored
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