GavaldaFX Forex Blog

Today was not so lucky for me, I was expecting a move to the upside from 1.9460 and I went long. As you can see it wasn’t a bright idea, I managed to get out early and reverse the position, but still in the red for today.
Looks like Cable is stuck, in a channel with at least three resistances (mostly intraday) and one support, so guess what, I will favor a downside breakout. From 1.9420 I will jump into a sell-off again, and only up from 1.95 I will consider bid… Looks like new winds blow for the USD, it’s gathering strentgh day by day.