GBP crosses/Trade Ideas

Cable: Still struggling to break above 1.5600

I tried shorting this pair on Friday evening but gave up and thankfully booked only a tiny loss. I’m not inclined to get involved again at the moment even though its struggling to break above 1.5600; whilst it may be struggling to break higher its certainly not dipping very far! I think its a wait and see proposition with the cable but if I had to take a position, I think I’d try trading this European session with a mild bullish bias? Anyone else got any strong views?

  1. Hi Sean, got a short on cable looking to test lower 1.54, it does seem that the run so far is getting stretched without any meaningful retracement. Let’s see how it plays out.

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