Technical Analysis

Stalled at the 61.8% and swing highs.   The GBPUSDs ups and downs continue as the EU Summit progresses. The most recent run higher took the price to the the swing areas at 1.31154 to 1.31209. The high price reached 1.31192, stalled and the price moved back down. Earlier in the NY session, the price fell
Technically speaking They suggest: Selling the pair on a small rally to 126.20  Target at 123.65 and  Stop at 126.90.  What is may take? From my technical perspective, I like the sell, and the highs from today were a decent level to do that.  Looking at the hourly chart above, the highs today (and yesterday)
Up down since the morning employment reports The US was not the only country to report unemployment statistics.  In Canada, after string of 6 months of employment gains and two months where gains were an oversized 66.8K and 55.9k (in November the gain was 78.4K as well), the jobs numbers showed a decline of -7.2K
Nasdaq making a new high.  The Golden Cross is official. You can’t keep stocks down.  The ADP and ISM non-manufacturing was less than expected but that has not stopped the Nasdaq from surging higher. iti is up 64 pointsor 0.82% and trades at a new session high at 7914.77.   For the Nasdaq, it trades at