GBPUSD stays in a rising price channel and remains in uptrend from 1.4346. The fall from 1.4885 is more likely consolidation of uptrend. As long as...
GBPUSD stays in a rising price channel
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USDJPY traded in a range between 81.62 and 82.23
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Blow-off top and bottom in less than 24 hours
Blow-off might be a bit strong, but looking at 5 minute bars, we got these sort of mini blow-offs yesterday as the market ran stops above 1.4150 and this morning below 1.3940. We are now consolidating around the 38.2% retracement of the drop from 1.4177 to 1.3934. It only seems like poetic justice...