Now that we have the jobs number out of the way on Friday, it appears that this market has decided it is going to go lower. In fact, the British pound not only sliced through the 1.52 level, but it also approached the 1.50 level rather feverishly. With this, it’s more than likely only a matter of time before we break down even lower, perhaps heading down to the 1.45 level. With it rallies at this point in time window been selling opportunities, at least all the way to the 1.52 level at the very least.
