That drop looks done at 1.2450, optionally they may send it a bit lower on Monday before buying Cable again.
MA
MarcinO
Rep: 67
Posts: 5,506
One more European session just ending with 'enormous' 50 pips range... This is a joke...
Originally posted by MarcinO
European session, at least in case of Pound, is dead. We have Thursday, and there has been only one day so far with serious move before American open.
Right now March does not seem any better than extremely wothless February.
Just in case they start moving that sh!^^# currency pair, before dropping it to 1.2220 region they may send it up to 1.2360. But to be honest it is difficult to guess which way they will go. The whole day so far has been wasted on sideways games.
MA
MarcinO
Rep: 67
Posts: 5,506
Don't wanna sound pesimistic, but what has been going with the Cable in the last four-five weeks is beyond my imagination.
After yesterday's 50 pips range today we had 68 pips. On the day of PMI data release and Yellen's speech Cable stays in lower 10 percent of its range distribution!
Sitting in front of charts has become such a waste of time (and money) to me, that I doubt in any sense of continuing. One more month like that and I am done with that s#!^.
After yesterday's 50 pips range today we had 68 pips. On the day of PMI data release and Yellen's speech Cable stays in lower 10 percent of its range distribution!
Sitting in front of charts has become such a waste of time (and money) to me, that I doubt in any sense of continuing. One more month like that and I am done with that s#!^.

















