Forex EUR+GBP Daily Video, September 09, 2022

[Sive Morten]

Good morning,

Recent jump make uncomfortable taking of the short position right now, although we suspect that it is market makers tricks at the eve of ECB decision. Whatever it is, we prefer to wait 1-2 sessions to see whether it is outbreak or not.

 

[Brett Reynolds]

I am still holding shorts on Stock Indices and Gold. But.. when the Media are forecasting more Doom & Gloom' etc and reporting of 'lowest levels for £GBP for 40 yrs...you can be 'sure' that the Market will 'Turn around' and go in the other direction!
The £ Euro are so 'oversold on weekly and Monthly charts that a 'Rally is well overdue'...!