Study back from yesterday market action... by drawing the FIBBO RETRACEMENT. It indicates that the retracement just up to 38.2% Fibbo. Since the price now already HIGHER than yesterday CLOSE... the market psychology is BULL bias.
If there should be any retracement later on... the BEAR need to break that 50% Fibbo to force REVERSAL.
From my FA...there are lots of NEWS to watch out for today! Being forecast to be GREEN... we shall see more action from the BULL.
p/s: Sometimes... action in Euro also affecting Pound. Perfect example was... last week when that China Man announced about moving USD reserve to EURO. Therefore, watch out for those European News as well.
If there should be any retracement later on... the BEAR need to break that 50% Fibbo to force REVERSAL.
From my FA...there are lots of NEWS to watch out for today! Being forecast to be GREEN... we shall see more action from the BULL.
p/s: Sometimes... action in Euro also affecting Pound. Perfect example was... last week when that China Man announced about moving USD reserve to EURO. Therefore, watch out for those European News as well.