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Originally Posted by RealFX
Does anyone else think sterling has been acting funny today? Could there be barriers being protected near the 7250 area?
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It's more than just the sterling. The USD suffered a complete meltdown, all on the news that the Fed will continue to raise rates, and the Bank of England is probably going to cut them in Aug.
Ummm, I don't quite understand the price action today. I'm still staring at my screens in bewilderment.
I think I need to go have a few beers. At least I didn't lose any money. I did give back $3K in profit, though. Which, is probably worse, I think, at least psychologically.