Flows and Orders/GBP crosses

Cable: Stops reported below 1.6050

Cable has been under pressure all day after surprisingly falling by 50 pips during Asian trade. Normally London ignores whatever happened in GBP in Asia and immediately reverses but that hasn’t happened as of yet. Looks like a reasonable risk-reward play to buy this current dip with a tight stop below 50 looking for a return to this morning’s levels?

  1. what do you think about a buy here in gu with stop below 1.6 tp1 1.6100.. you had last week mentioned about notable sovereign interest to buy gu circa 6025, are they still there?

  2. Still looks heavy this mrng Maji and no reports of Sovereign activity so far, looks like bids have been lowered to 15950ish so think that’s a better entry level

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