GBP crosses/Trade Ideas

EUR/GBP: Intraday short-squeeze, next resistance at .8560

Slightly softish UK data has seen the GBP slide slightly on the crosses; next short-term technical resistance at .8557/59.

 

  1. Sean,

    In your posts, you seem more positive on GBP/USD than EUR/USD. However you are quiet on EUR/GBP, any reasons ? One reason, I’m guessing that if you buy some GBP, you would prefer GBP/USD on the dips…

  2. Long term I’m bearish on the cross but its so slow to move that as a trading vehicle its totally uninteresting. That’s why I prefer to trade cable, for added volatility.

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