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27 March 2015 | Free Forex Analysis | Not just 112 pips on GBPJBP…

So, dear Surfers, here we are at the end of the week…

 

How things went yesterday

Yesterday prices took a large dip well below 200 pips: a fair fall indeed.

It looks like EURUSD has regained some of the high volatility that it’s generally renowned and means profit for us.

 

Not by chance our signal quickly reached TP2. But there’s more: we also closed out our S&P signal Thursday evening with a 112 pip profit (20 for TP1 and 92 for TP2). A satisfying end to the week by most counts.

 

Technical analysis

Today prices, having fallen as low as 1.0800, have since rebounded with a degree of force. They are on the verge of climbing above 1.0850 and heading towards 1.0900.

 

Plan for the day

Today we’ll be taking it easy a little. We think we deserve it. Spring is here and we need to appreciate it in all its glory.

 

Relevant economic news

We’ll leave this to others to decide.

 

From all of us at SurfingThePips we wish you all a fantastic weekend and look forward to seeing you on Monday for the next installment of our daily analysis.

 

Daniele Angellotti

Licensed Trader | SurfingThePips.com

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