We seem to be getting the occasional sharpish 50/80 pip moves followed by hours if not sessions of sideways movement. Most traders find these conditions very hard to adapt to. Somehow we are hard-wired to always anticipate a big move, but these don’t happen very often. The range trader in the FX market wins out most of the time.
There were only some very small moves yesterday and I’ve learned nothing new. Let’s see if the market positioning is extreme heading into tonight’s NFP, that might cause some positional adjustment.
TGIF times 2 🙂