cat and mouse. if sterling takes the dive, it will drop deep. 15475 is ultimate support and correlates with the levels I posted earlier as the break out area.
but bearish momentum could be slowing, 4H rounding bottom not out of the question either.
more questions than answers.
maybe NY will decide.
but bearish momentum could be slowing, 4H rounding bottom not out of the question either.
more questions than answers.
maybe NY will decide.
DislikedLongs remain unconfirmed in GU. We've printed too much outside of the channel IMO. Bearish PA remains. There had been lots of fund/sovereign buying above and around the recent 1.555 levels.
If this thing doesn't make it up like so many have expected, the fall will not be nice as sterling gets dumped. UJ looking bearish, thus not giving sterling strength.
And that GY 132.9 region is probably coming up in the next couple of hours - looks like a triple bottom and traditionally the 4th time doesn't always work out so well. I think I'm waiting...Ignored