DailyFX.com have 1.3338 for today and I have 1.3344 on my betting charting as today's high and 1.3348 on anothoer source, go figure
High for the day was 1.3347/8 just about 45 min after the ISM data went out. Im expecting this pair to get back in the "upside" channel going to 1.3260/80 early next week. We will see Good weekend
romik, it was...the market has been volatile in that range and was vary of getting stopped out..but anyways...did get stopped out and as I had predicted, the market did shoot through on the other side... I do remain a yen bull for the rest of the year, mostly with profit taking and year end squaring of positions over the next couple of weeks. Will monitor the market on monday and look to get in on a short... Look at going bullish on eur-gbp...I think GBP is overbought...but given dollar sentiments right now would be more comfortable playing that through euro.... cioa
May be around 1.99/2.00 on GBP is a good idea to went short on GBP/EUR regardless of what USD will do. Just an idea.
I personally wouldn't want to short strength, intraday yes, but to think just because it's trading near 2 it's overbought is an assumption IMO, I will gladly join in on the short side after I see something in the TA, otherwise I believe GBP has still got legs, but I could be mistaken of course.