Dear Readers, Currencies are in retreat and $ is fighting back to continue its momentum up started in May ( we told you so here long time about that...) .
CHF/JPY hit an important 100.76 spread level. GBP/CHF hit an important level around 2.475 or so. GBP hit almost 2.00. CHF corrected 50 % of the last decline. All very important milestones today. I think we are close the end of GBP rally and end of ENERGY rally. Having no Catrina and OPEC supporting them. The bulls have tried the NIGERIA card repeatedly. When those Nigerians stop the "strike". Energy could fall like a rock and take COMMODITY/OIL currencies with it.
Good Trading
2 comments:
Covered at BOUNCE Point:
2588.26
13398.06
Jim
S&P 500 at support: 1501.56
Jim
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