Another old adage: GBP market always ignores what happens in Asia

Cable is back close to regaining 1.5200 and another old market saying is that the London market will always undo any fresh moves made in sterling during Asian trade. That seems to be happening with the gap lower from 1.5225 nearly closed now.

Selling rallies looks like a safer bet in the GBP and EUR/USD does indeed seem to have found itself a new pivot around 1.3260/70.

I expect to see both USD/JPY and EUR/JPY appreciably weaker tomorrow so do what you can to help 🙂