A boring Friday market delivered very little until late NY Session saw a 65 pip rally taking Price Action back above the now broken/re-tested/re-broken Resistance Trendline. The Bullish Trend continuation didn’t materialise however as the day closed a mere 21pips higher than it began.
The only change to report is that Daily Pivot has crossed Weekly to the South, giving us mixed signals. On a UK Bank Holiday, I would suggest the MIXED scenario, is very pertinent.
The Day Ahead
When the World’s biggest FX Market (London) is celebrating a Bank Holiday, we join them. The Brokers will be open of course, but the Traders will be having the day off. Unpredictable liquidity/volatility is usually the result – be very careful if you’re not having the day off with us.
Normal services will resume tomorrow.
Enjoy the extended break.