Dislikedheys u guys positive tat its bear bias? no offence to all the great analysis but is there any chance tat when the news is released the market will hit 9600 area?Ignored
I was long, but got out with some profit on that little spike a couple hours ago, as I figured it would be short-lived.
For me, the overwhelming signal right now is the COT data, which can take a loooong time to produce a result. But the commercials have been long GBP, and short JPY, and have been for about a month. So, I'm looking for good entries to go long on GBPUSD, and even better, long GBPJPY.
News today may very well produce a dip on GBPUSD, as far as I'm concerned, I'll look for an entry and go long.
my two pips