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Long to short ratios before the market open :
Almost no gap : 1.1405 (Bloomberg rates)
Almost no gap : 1.1405 (Bloomberg rates)
The gap that some were expecting is not going to be. Everything back to ranging
Back to good old rigged forex
Tis time a mild bearish presume right from the start of the trading day
Ranging continues. We are forced to wait for political decision today again. Cautious trading (with mandatory stop losses)
No clear entries on the GBPUSD until it breaks the 1.5400 to the upside or the 1.5300 to the downside.
No clear entries on the GBPUSD until it breaks the 1.5400 to the upside or the 1.5300 to the downside.
GBPUSD is the star of the day
Range continues for EUR/USD but the pair formed a marubozu candlestick in the daily filter chart which might be an indication that it's about to make a move to the downside. I think the target is around 1.1240, but I doubt the bearish trend will continue.
Today the pair is bouncing around 1.1345 and it clear in the 4H chart.