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Now GBPUSD wakes up and drops to 1.5091

One minute asleep and the next we've fallen out of bed

We managed to nick a pip below the big figure according to Bloomers pricing as the pound now follows the euro down the chute

The big figure may hold us up but if not, then 1.5070 looks to be the next support level ahead of 1.5030 (all re-written on the latest move to 1.5091)

I'm not liking these moves because they are coming out of nowhere and with no real catalyst. That makes it more of a lottery to trade and it close to the point where I sit on my hands

GBPUSD H4 chart

As I type, we're down to 1.50991

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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