OK I think I have worked it out,they started high (1.30) because...

OK I think I have worked it out,

they started high (1.30) because they wanted to take it down a long way, on light volume, so they could take it back up to 1.30 on the close. That price activity forms a candle stick pattern called a 'hammer' which is a bullish candle.

They want to do this because it will show on a daily at the end of a week, month and quarter of really significant gains, thereby attracting all of the attention of those funds who ae doing their asset re-allocation.

perhaps very smart stuff