I’m holding back trading today till after the news. Quite a few of the markets are horizontal at present. We’re looking at GBP news @ 9:30 and 11:00 with USD news at 15:30. Mondays are normally slow so I’m hoping we can see some clear break for USDJPY away from the FIB line it’s hanging around on.
If we see a drop we could be looking at 97.00 or up to 101.00.
If anyone would like me to do a section in the members area on FIB retracement please say.