00:20 local time (markets are now closed for the weekend)
GBPUSD went down after the DM switch and even led EU in terms of momentum. Note how again the 200 SMA and 100 SMA levels are cleared (meta-level as explained in the video course). The DM longies dominated in the end and gave the SM every reason to push down further. Hence, cable should move DOWN further and can eventually reach the LTS, if the SQUEEZE continues to be fueled by new longies who try to “catch a falling knife”.