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GBP/USD also gets out caught by robot nonsense
Well, as you might expect, the flip-flop price action in the dollar upon the release of the US jobs report was not lost on the GBP/USD either. The Pound charged towards 1.25 on the lower payrolls, but as with just about everything else, the GBP/USD robots forgot to wait and digest all the data. Look, this always happens and because these high frequency robots can act in thousandths of a second it leaves the rest of us behind. Well, sometimes that is a good thing, if you can spot their error. So, the immediate rise to 1.2497 was then followed by an even more immediate fall to 1.2420. However, as the dust settles ahead of the US stock market opening, the Pound is edging back to where it was before all this nonsense unfolded. The GBP/USD is right now at 1.2447
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