FXWW News/GBP crosses

Cable: Long term bullish and happy to buy dips to 1.5720

My best trade of the year by a long way was my long cable trade and I’m willing to start dipping my toes back in this water on any dips back towards strong technical support around 1.5720. EUR/GBP is consolidating near its recent lows and still looking heavy whilst GBP/JPY has caught an updraught in recent weeks; any rally in the cable will need a buoyant GBP on the crosses.

It seems everyone is now bullish USD, which is usually the best time to start buying cable!

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