Good morning to you all our friends, it's been a low volatility week of trading as we have seen the effect of Holiday thin liquidity on the direction of price and today is no exception. Technically, the break of GBPUSD 1.2053 & USDCAD 1.3551 price levels earlier in European trading suggest a mixed feelings in market mood and with Gold opening higher in London , the economy carlender do not have that interesting news event that should cause investors to bank on Gold and these should naturally result in bearish close below 1.2043 for GBPUSD pair but again can the low cash flow influence a close above that point today? For us we remain on the sideline as we look forward to the NEW YEAR. Happy trading., Happy New year
