Posted it on Dt's thread.
http://www.forexfactory.com/search.p...duser&u=100694
Ok, so we indeed touched 1522xx on GJ and more only to drop further :-)
I only expect selling today as US boys will come online and sell, so does Asia when they come online on monday.
We also have US news in an hour which will decide the course for retrace.
I see some "small" buyer trying to accumulate but BIG seller is not letting the PA even retrace to any level (not uncommon with cable or GJ as they do not retrace for days). I expect pound to retrace further GJ 150900, GU 64300 or more before I consider shorting (Cable target 1615xx, GJ 1443xx).
If not, I am on the sidelines like DT, rather trade EU based on US news. If the news is bad EU will drop or go UP, and much better to trade then pound which is juiced already.
http://www.forexfactory.com/search.p...duser&u=100694
Ok, so we indeed touched 1522xx on GJ and more only to drop further :-)
I only expect selling today as US boys will come online and sell, so does Asia when they come online on monday.
We also have US news in an hour which will decide the course for retrace.
I see some "small" buyer trying to accumulate but BIG seller is not letting the PA even retrace to any level (not uncommon with cable or GJ as they do not retrace for days). I expect pound to retrace further GJ 150900, GU 64300 or more before I consider shorting (Cable target 1615xx, GJ 1443xx).
If not, I am on the sidelines like DT, rather trade EU based on US news. If the news is bad EU will drop or go UP, and much better to trade then pound which is juiced already.