Early London on Monday observed price whipsaw above the $1.09 handle, reaching a peak of $1.0927 before erasing earlier gains and touching gloves with the upper edge of the H1 consolidation between $1.0780 and $1.0868 (active since 12 January). The run of orders above $1.09 is interesting, due to the location that the currency pair is positioned on the weekly and daily timeframes. The research team noted the following in recent research concerning the bigger picture (italics): The weekly timeframe has been entrenched within a downtrend since topping in 2021 and the pullback off the late September lows at $0.9536 ... (full story)