GBP/USD, what a ride!?

gbp-usd 05.11.

130 pips down, 130 pips up! The rason for the way down? GB Markit Services PMI!? The rason for the way back up? US ADP Employment Change!? Probably, but GBP bulls show us one more time that 1.5870/80 is their territoy and that was the level where bears broke their teeth today. Previous support at 1.5950 in those move didn’t show us notnihg, while move was to strong for the ‘small players’. Let’s see what will happen next, after the emotions cool down a bit. 🙂 Could 1.5950 hold now or not? Interesting day on this pair, that’s for sure! If US dollar attack support level again, that could be a brake for sure!

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5 comments

  • Phenomenal analysis Mario and I must say that you have a great feeling. Odlično, hvala. (y)

    Liked by 1 person

    • Thanks madam. 🙂

      Like

  • Crazy ride but 1.5950 is in danger. 🙂

    Liked by 1 person

    • Crazy ride? Crazy market my friend! 🙂

      Like

      • 1.5950 holds, 942 low! Beautiful.

        Like

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