British Pound / Japanese YenUpdated Mixed Market
Pair looks to be mixed at least for the Asian session and Partially the European Session, by 05:30 New York and after the UK economic data release things may be more clear on the pair, I prefer to sit sideline till that time.
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Week of March 19 - 23
This pair is negative as long as it is below 150.00
Now the pair is confined between 147.00 & 149.50
Any clear break in either direction we will see acceleration:
Clear Break of 147.00 will take price to 145.00
Clear Break of 150.00 Will take price to 153.00 & 156.00
Working on this pair needs high level of caution and very deep assessment each time the pair hits one of the above areas.
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Week of March 19 - 23
This pair is negative as long as it is below 150.00
Now the pair is confined between 147.00 & 149.50
Any clear break in either direction we will see acceleration:
Clear Break of 147.00 will take price to 145.00
Clear Break of 150.00 Will take price to 153.00 & 156.00
Working on this pair needs high level of caution and very deep assessment each time the pair hits one of the above areas.
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Note
Rate raised 0.25% and market gone higher , watching the 150.00 level that is the last point of a loosing position, if not broken, will watch the retracement back to close to 149.00Note
25 minutes to FED press conference
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