The market will likely see a lot of short-term back and forth, but looking at less scalp, there isn’t much to do here until we get past Friday’s volume, maybe even later. GBP/USD rose slightly during the day on Thursday, but it looks like we have nowhere to go. This makes a lot of sense considering that most people are looking forward to the New Year celebrations and not so much to the Forex world. We are currently below the 50-day EMA and above the 200-day EMA, and it is probably worth noting that we are also near the 1.20 level, an area that many people pay close attention to due to its psychological and structural nature. importance Advertisement Trade EUR/USD on favorable terms GET STARTED A break below the 50-day EMA could lead to a major breakout, which could pave the way for GBP to fall below 1.15. On the other hand, if we can clear the 200-day EMA, we will probably look above 1.2 50, where we will start to attack the 1.25 level and try to break out from there. Right now, I think we’re in a situation where we’re just going back and forth, killing time and trying to wait for the next fundamental announcement. Lack of liquidity can lead to violent moves Another thing we naturally expect is volume. There is no one there, so that explains why the couple did almost nothing. If we get any kind of announcement anytime soon, that will probably send this market in one direction, but pretty quickly. Which can be very dangerous if you are not careful. Remember, this is a market that not only the Fed is trying to measure, but also the Bank of England. The market is likely to see a lot of short-term back and forth, but looking at the scalp, there isn’t much to do here until we get through Friday’s volume, maybe even later. . Remember, most professional salespeople at large companies want vacations, not sit in front of a computer and push buttons. This is retail madness, a trap I sincerely hope you don’t fall into. Lack of liquidity can lead to sudden violent moves and this can cost you quite a bit if you are not careful.