Despite poor ICS Balances within our currency pairs today, Dom trend technical analysis saw definitive movements throughout the whole of the UK morning session. The strength of the GBP Index was influenced by the expectation of an Interest Rate forecast at 12pm. Once this was confirmed, the GBP shot up but has since settled. Our Dom long GBP pairs did well, on slightly manic movements with volatility remaining on the low side.

The Dom long EUR/AUD remained in consolidation mode, due to a similar Interest Rate decision, though this time the forecast remained the same as the previous. Decent points were still available at our usual times.

The Dom short Dax did well but again, volatility and the typical manic nature of the price movement made entries far from easy, though some very good points were available.

Thursday saw an improved maximum potential of 590 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.

JUST A TWENTY PERCENT target would have yielded 118 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.