After the FOMC Statement yesterday at 21:00 (GMT+3) the dollar appreciated heavily causing the heavy fall of the pair by over 130 pips. This short-term shock might have just created an opportunity for a retracement this morning to at least 61% of the move.
>> Usually moves start at 9:00 -10:00 when there is such an opportunity.
>> For the time being there is no strong indication for GBP to depreciate much or the dollar to appreciate more. breaking the day's support at 1.3970. However, the potential profit will be at least 25 pips.
>> Usually moves start at 9:00 -10:00 when there is such an opportunity.
>> For the time being there is no strong indication for GBP to depreciate much or the dollar to appreciate more. breaking the day's support at 1.3970. However, the potential profit will be at least 25 pips.
