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jimkane
Rep: 3,058
Posts: 33,089
Kickin' it off. No one else did, which is s surprise. I hope everyone is okay. Maybe 'cause it's Easter?

I think I am going to take tomorrow off posting to try to break myself of the habit of posting non-stop. See you all Tuesday, if I make it?
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MarcinO
Rep: 67
Posts: 5,506
And it reversed before the lower level.
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MarcinO
Rep: 67
Posts: 5,506
Pound is struggling with that DB support, but I guess the odds are they will send it down.
1.4275 and 1.4235 are key levels, but there is also support just above 1.43.

Click image for original size
6b 2016 04 01 png
MA
MarcinO
Rep: 67
Posts: 5,506
Current LOD, 83, is at the top of 75 area. It may produce a larger correction but right now it looks like a downside.
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MarcinO
Rep: 67
Posts: 5,506
After one more push down, to 79, it Cable started more serious reaction.
There is a nice backtest level just below 1.4320.
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MarcinO
Rep: 67
Posts: 5,506
They overshot 20 by 10 pips on data release, but it is falling sharply now.
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MarcinO
Rep: 67
Posts: 5,506
It's in high 30s now. Let's see if that area can stop it. No signs of reaction so far, though.
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MarcinO
Rep: 67
Posts: 5,506
It is broken. There is some stuff around 1.4190-1.42, so Pound might get there.
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jimkane
Rep: 3,058
Posts: 33,089
Today may prove to be a more interesting day.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW, look at how silver dumped on say a 5-min. Wow.
JI
jimkane
Rep: 3,058
Posts: 33,089
They're off!
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW my bias is up until the close, but this area in here and just above is tough. Once that is cleared, if it is, it should be free to run into the Friday closing upward bias ramp nonsense.