FXWW News/GBP crosses

Cable: Still likely to be stale longs happy to sell intraday rallies

The GBP looks pretty heavy still against the EUR and the AUD and I’m sure there are still some cable bulls out there who were caught long on the break lower through 1.5000? I’d expect any rallies to run into grateful sellers and we will likely see some broad 1.4850/1.5050 consolidation over the next few sessions.

  1. Unfortunately for me, they didn’t rallies yesterday on GBP/AUD to sell at 164.50. Obviously, it was the right choice, better than EUR/AUD when you check EUR/GBP 😉

  2. Hi Sean,

    What shall we do to the EURGBP cross? I managed to get out of my short losing only a pip 🙂 I might go short again later around .87. What’s your take here?

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