GBP crosses

Cable: Taking some more P off the table

I’ve booked some more profit on my cable shorts at 1.6173 as I feel that support near 1.6160 should be solid. I will stay with a core short position, now hoping to re-sell rallies back towards yesterday’s highs at 1.6265.

Edit: I was just a few minutes too early as more stops triggered below 1.6160, taking it to 1.6150 so far. No matter, I’m still short and I’m sure there will be more rallies from time to time.

Leave a Reply

Your email address will not be published. Required fields are marked *