It's been a lively session and one that really highlights the fickle nature of forex and just how thin the trading conditions are right now
GBPUSD is back up to test the intra-day resistance around 1.4850 after posting lows of 1.4765 bang on the equality fall level ( yesterday's 1.4970-1.4850 fall =120 points.........take that away from the rebound high at 1.4885)
As a jobber I relish these markets and I know a lot of you do too. Sadly for me right now I'm too busy to get really involved, typing my little socks off here while Ryan struts his stuff along the beaches of Spain!
But there's pips to be had whichever way you play it. Medium-longer term traders are getting good opportunities to sell/buy too as ultimately, ignoring the froth, we remain range-bound at 1.4750-1.5000
EURUSD held the strong support/bids at 1.0730 that I highlighted more than once earlier but still looks a little heavy to me
AUDUSD and USDCAD have made the most of the renewed USD selling and firmer oil prices to post 0.7739 and 1.2509 but approaching offers at 0.7750 and bids at 1.2500
USDJPY has another tired look to it above 120.20 but remains delicately poised and cross-driven still
All in all these are fragile markets and not ones to expect too much, but there's pips to be had as long as you're not greedy
