Above is the 240 minutes chart of the British Pound. My great fear came true today - the false breakout. Everybody was looking for the breakout and it came today then the Pound got pounded. It took the rest of the currencies with it during a big rally in the US dollar after the negative econ reports at 10 EST. The currency markets are thin right now based on the US Holiday 4th coming up. Be careful.The Pound - oh crap
Above is the 240 minutes chart of the British Pound. My great fear came true today - the false breakout. Everybody was looking for the breakout and it came today then the Pound got pounded. It took the rest of the currencies with it during a big rally in the US dollar after the negative econ reports at 10 EST. The currency markets are thin right now based on the US Holiday 4th coming up. Be careful.
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