Pair failed for the 04th time today to break the 150.00 and stay well above, normally the test is done for three times, but we are seeing the fourth attempt to break the 150.00 ending now sending the pair from the highs of 149.97 to 149.78 while writing, breaking below the daily pivot of (149.74) is needed to clear the mixed view on this pair to bearish
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The pair today's behavior is making lower lows and lower highs, failed 4 times to clear break the 150.00 barrier. Negativity is the call till now
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above all we need to see a clear break of today's low (149.52)
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The pair wants to go deeper into the red but market does not like the idea
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What the pair is doing now could be last dance around the pivot area for today
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This pair can drive anyone to be crazy!
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one more visit to 149.82 area right from 149.60
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how many times this pair wants to show the failure of breaking the barrier of 150.00 area
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someone gives the address of 149.12 to the pair so that it can go there
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UK retail sales better than expected but pair is not moving anywhere above the pivot area
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Pair hits the low of 149.31 confirming negativity, and staying well below the pivot, bouncing from today's low while writing reaching 149.41. Will take a break and be back right before 08:00hrs to attend the BOE event
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Oh!, who gave the address of 149.12 to the pair, it is even below that mark briefly touching the 148.77 and bouncing from there
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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