FXWW News/GBP crosses/Trade Ideas

Cable longs looking bit healthier

Nice bounce in the cable brought on by EUR/GBP flows and strong PMI data. It should be toppy now 1.5230/40 but we can expect any dips now to 1.5150/70 to attract profit takers as well.

I’m still long and keeping a close watch on price action for any clues that I should be increasing my position at these ‘cheap’ levels.

  1. Agree Lio, I’ve got interim sell orders now near 15450
    I feel your pain Papillon, the curse of the stop-loss strikes again. I always give it 40/50 pips lee-way through big levels, just in case of marginal breaks

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