1.4255 at European open?
My assumption is that the move down isn't done and Pound is likely to make another leg down.

Anyway, I think that was just a shake there. I'm holding fast to the long side, for now.

Ho-hum, it's doing the wildly overlapping swing in the AM thing, again, before it likely resolves hard to the upside. Welcome to the last three weeks of 'the new paradigm'.

Pretty straightforward stuff. There's the new high for the move. I believe 46 will likely be the LOD.

As far as currencies, 99% of my currency time is on the Yen right now. Not necessarily from a very-short-term trading perspective, but from a market perspective. The BOJ will have to start doing some big-time intervening in here, and that will move markets/crude, in my opinion.

It's funny (in a sick, twisted, Bizarro World sort of way) the more QE they do, the more stocks they buy, the more phunny munny they print, the higher their currency goes...

This should make a thrust here to the 55.50-56.25 area, in my opinion. Then a bigger checkback, then move up to the areas in the 60's. If it unfolds I'll post them. Remember, it's a Friday close in a strongly uptrending market, so the odds, in my experience, of a strong close near the high tick of the day are tremendously high. You never know, though, this one feels a little odd.

Notice the heavily overlapping 1-min swings, typical of the new mode of the last three weeks. Then a big blast, then more of the same.

Sweep down now, then the move up? That would be the norm, but this has a feel like it could sell. Not one that comes from them making it look that way, one where something just doesn't seem right to me.

.786 on a day that opens with a gap:

Watch the 47.75 area here.

had a day full of appointments.....did you say something jim? ;)