Price will be stopped at 148.00 area and we can expect to see retrace.
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Dislikedi look at the wicks of the candles and the bottom wick for the week is not defined yet.... so will it hit 148 first or 144 seems like a tug of war between the bulls and the bears.... still it looks like a strong bull market due to the last week confidence.... any thoughts anyone???Ignored
Disliked{quote} We have fomc minutes in the evening UJ will move and take GJ with it. Looks up but who knows.Ignored
Disliked{quote} So far so good, will we see 148.00 today??....anyone with crystal ball, parrot, phython, monkey...???? MrB, copi, fxhedge fund guy....?? Any stabs..!!Ignored
DislikedAdded to my short positions with the help of this retracement. Targetting lower 145's.Ignored
Disliked{quote} Doesnt look like it at the moment. My value models show value is coming off (Blue line is the main value line) with volume dropping off. Also with bearish sentiment on Sterling at the moment gains on GJ will be difficult. Short at 80 {image}Ignored
Disliked{quote} any indication of this retracement to be a definite downward drop???Ignored
Disliked{quote} mate, can't say if it is definite. But following are reasons why I entered a short position at 146.70: GU is weak in its hourly. No support from data. So expecting it to drag lower. 146.70 is the point in my charts, which GJ re could play out in UJ hourly for next couple of hours.Ignored
Disliked{quote} Target is lower 145's so 100 odd. But first, am looking for a return to 146.40-45.Ignored