The GBP looks a bit suspect overall on some of the crosses so I wouldn’t be getting carried away with bullish strategies just yet. That said, the cable up-trend is very strong and we will see sharp bullish retracements from time to time whilst these medium term consolidation phases are on going.

I’m looking to buy intraday dips now towards 1.6770, keeping stops fairly tight and looking for a re-test of 1.6900 before the week is out.