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
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