Thur UK Retail US CPI TICs Indus

What a day yesterday pretty much confirmed the GBP trend is broken down back t0 8500 the euro is still up though and the chf is trying to reverse but it is holding its 6 month up trend and looking to go back to 2800 today is going to be supper important.

EUR - before news they all broke in the USD up direction gbp got (10) pretty soon then support held for 1 hr news came out good and broke it out to top of the channel and held (-30) it touched the top before it closed but if you took a long on a close then had to wait until NY to get pips then its just pure luck anyway eur also same thing got (9) and hung around there didnt break out then lost 30 chf also (12) same thing but if you held into NY session went to exactly -30 and then bounce and you got your (20)

News was crazy bad cpi spike up and then straight back down, bad tic no spke up just down all over the place.

NY - gbp jumped on CPI close outside long but didnt take it cause the other majors all retraced hard inside this trace lost -30 anyway so good choice to leave it . Then after TICs it made a sell but it is just all over the place and the other news came out straight after it lost no other trades

Lesson: If its before news and it hasnt gone your way a lot just close it don't take the 50-50 risk, the technicals CAN NOT predict the fundamental direction EVER. You have just seen that. So go to BE or close it. Thats it simple.