DislikedByrd, its a good an explanation as any. I would say there seems to be some pretty good protection going on around .4630/50 level. Who is that? Asian banks - has been the rumor. Seems like these big spikes have been coming during London/NY sessions and then bled down afterwards. But is that naive? I have to believe the big players are doing these deals purely algorithmically & can enter/exit whenever they please, whenever conditions fit their needs. Just when that resistance seems solid another spike will smash through it. Or, just when you think...Ignored
those who can, do. those who cant, talk about those who can