What caused this hourly spike on the EUR/GBP and GBP/CHF? | Forex Factory

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What caused this hourly spike on the EUR/GBP and GBP/CHF?

  • #1
  • First Post: Dec 15, 2012 6:06am Dec 15, 2012 6:06am
As far as I can see there was no negative GBP news that came out. An ideas? This happened on some GBP crosses but not others.
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  • #2
  • Edited 3:04pm Dec 16, 2012 2:48pm | Edited 3:04pm
Why is the moon round?

Anyways... the "spike" was only 6 lousy pips lower than the low of the previous candlehowever if you really want the absolute answer, it was a simple retest of a previous support/resistance area as seen if you change to a 4hr chart.
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In the days of old when sailors were bold, and seldom if ever contented.
  • #3
  • Last Post: Dec 16, 2012 2:57pm Dec 16, 2012 2:57pm
Quoting pt49
Why is the moon round?
Because of gravity ?
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