[milliard]

I was quite surprised how stellar most of the daily range averages held up today to be honest. The popular pairs were ticking at circa 78-82% for the most part into the London fix.

Last couple book balancing sessions they've been contained in the low 60's, which merely confirms Krantzy's earlier comment re; the flip flop risk calls out there.

Yen pairs especially, have honored their intraday range averages so far into the new year, with Cable & Swiss slight underperformers. But then the climate has dictated those prints to a certain extent.

I guess as (if ?) range contraction ensues, it becomes ever more important for you intraday players to quickly compute your (adequate) risk to position exposure parameters on the hoof as the day unfolds. Particularly as some of these big levels from the higher timeframes come into view.