Overall good NFP. +68 pips on EUR USD and +62 pips on cable.

Fundamentals + sentiment + order levels rationale

This is not a bounce we should look for. Exit. And no point entering long half hour before NFP. image

Fundamentals + sentiment + order levels rationale

BoE’s Broadbent: Didn’t Have Large Debate On Lower Bound -MPC Opinions On Lower Bound Didn’t Really Vary - RTRS So they will not go into negative rates. It should be good for cable.

Fundamentals + sentiment + order levels rationale

And then this Michael Hewson @mhewson_CMC *BROADBENT SAYS HE'S IN MPC MAJORITY SEEING ANOTHER BOE RATE CUT We will see if this will pressure cable.

Fundamentals + sentiment + order levels rationale

EURUSD short triggered from the 1h level. Let's see how clear bounce this will be. image We should see move lower + followup lower to stay short.

Fundamentals + sentiment + order levels rationale

Only my broker is happy from the penny commissions. I am reversing again long against fundamentals. I am crazy but flexible. Maybe we can reach 1.32 and see what will happen there. image

Fundamentals + sentiment + order levels rationale

And now bulls again charging and clarity is lost. image

Fundamentals + sentiment + order levels rationale

On all other levels there is clarity. Only when I trade a level there is a mess and no clarity image

Fundamentals + sentiment + order levels rationale

Now we see reaction, so the level will hold. We go short with fundamentals. image

Fundamentals + sentiment + order levels rationale

Cable long, since no strong reaction to 1h level. Against fundamentals. image Let's see who is stronger here - bulls or bears.

Fundamentals + sentiment + order levels rationale

Cable is most shorted in history. This is how hunting stops looks like: Or again the text of the statement was leaked as it is a tradition with UK. And one can explain also in this way (crowded trade and everything priced in): image After the ...

Fundamentals + sentiment + order levels rationale

BOE day image

Fundamentals + sentiment + order levels rationale

Michael Hewson @mhewson_CMC Sterling short positions at record levels - overlay $GBPUSD chart in historical context #forex pic.twitter.com/e71GSg78l1 image

Fundamentals + sentiment + order levels rationale

image

Fundamentals + sentiment + order levels rationale

However this confluence did not hold yesterday on USD JPY image

Fundamentals + sentiment + order levels rationale

Expecting bad services PMI from UK, most important component: image

Fundamentals + sentiment + order levels rationale

Fall of the dollar continues today? image

Fundamentals + sentiment + order levels rationale

SPX500 strong support broken = USD JPY falling like a brick image

Fundamentals + sentiment + order levels rationale

The problem is to be patient to wait for such high probability setups. image

Fundamentals + sentiment + order levels rationale

Dollar is getting smashed today. image

Fundamentals + sentiment + order levels rationale