Yesterday's trading range was 70-72 pips whilst the 20-day ADR was 102 pips. In a day when there was a risk event (political) and there was a stop hunt spike during the London session, it is indeed a bizarre day.
After a "missed" day, I always anticipate a price expansion within 36 hours. I am still bullish on Sterling hence I am still waiting and looking for a low of the week anchor which I hope would form around these price levels 1.22700-1.22850.
There is an ongoing risk for this plan which is Brexit Brexit Brexit. There is no risk event for Switzerland today.
After a "missed" day, I always anticipate a price expansion within 36 hours. I am still bullish on Sterling hence I am still waiting and looking for a low of the week anchor which I hope would form around these price levels 1.22700-1.22850.
There is an ongoing risk for this plan which is Brexit Brexit Brexit. There is no risk event for Switzerland today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.