- EUR/GBP is getting back towards more attractive ‘sell’ levels and anything near .8150 surely must be worth consideration for the bears?
- Cable bids are reported to be fairly solid near 1.6765/70.
Overall I think that cable will trade in a broad 1.6550/1.6950 retracement pattern in coming weeks. Selling rallies is preferred but remember that the uptrend has been strong so we will get rallies. Sell into strength, buy into weakness, like any good FX market range trader should.