Flows and Orders/FXWW News/GBP crosses

EUR/GBP: Approaching important support levels

There was talk last week of large stops below .8460/65 and we are back near this level again. A daily low has formed near .8465 so it could be a case of a large-ish bid nearby and stops immediately below but that’s just guess-work on my part.

I’m bearish on EUR/GBP but I prefer to trade this view through a long cable position rather than going short on the cross.

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