The GBP has given back some of its big gains especially on crosses like EUR/GBP but the overall bull trend in cable remains in place.

There is strong technical support at 1.6580 but there will also be tight stops directly below there.

I like the idea of waiting for the weak stops to get triggered and then buy. I’ve read some reports of decent sized bids near 1.6570 so perhaps buy there with a tightish stop?