So we saw a lot on my USDJPY Chart I posted a few days back. USD got hammered VS JPY after an enormous move up.
Those who bought got annihilated. And rightly so.
Those who were short.... Well you know how that goes.
So on the GBPUSD we have the opposite with a LOW price. As you can see it rallied enormously as the larger money market moved it. As I said and will always continue to say until I can't anymore, prices WILL rebound. It's natural market flow..
So you must Treat every Trade carefully and act inline with market conditions controlling risk and having accurate spreaded entries.
Let's chat more about all of this... It's a little easier!