Hello traders. The first day of May promises to be an interesting one. I continue with the Pound theme today and build a trade plan for the Pound Yen. We are showing significant hourly MACD divergence, not surprising given the move we have seen this week. I have no desire to be the first trader in the short side but I do think it’s a possibility to see some down side given the right set of circumstances. Additionally expect thinner European markets today and Monday given the Bank holidays. Good luck!!
David Pegler
For questions or comments please email jkicklighter at dailyfx dot com.
