I think we have seen the highest for today, theres strong divergence on M5 for GU to turn around back down
It must bounce very hard up , not impossible, to cut thru 1.300, maybe as an exhaustion wave / bull trap ?
day still long, US can MOVE stuff...lol
im just looking at fast scalps, had nice short now between 1.2987 to 1.2964
But in Dealer trading language, the brits need to get the extra currencies off their books before closing, so that means from where price now is, to start selling it, untill VWAP values.
Unless they are sure GU will keep on rising.
Remember, they have open book on whats happening, they see our cards on the poker table, we not theirs