Pound looks like ranging...
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- Thread starter Piptaker
- Start date
even before UK CPI Pound began to risePound is bearish....may continue until UK CPI. Hope the pound reach 1.325 before the data. Holding a short at 1.335 sl at today's high (+ spread difference)
Ranging before uk data. The rise was a mere correctioneven before UK CPI Pound began to rise
Long usdjpy 1.1342. Stopped on Aussie, Cad. Still short Euro.
I Am waiting for Aussie to drop to 0.748ish where daily key support area is. Imho, it will come this week but if not I will forget about buying it cos I am not a good AU scalper.
I cant trade gold atm since I have changed the broker. My new broker's spread for gold is 30 pips lolGold still weak
If pound drops heavily after CPI, I might consider buying it cos UK data only has temporary impact. Lets see
UK CPI didnot have any impact. Very unusual. Possibly cos of US key data this week - interest rate decision and US CPI