- Like I mentioned below, I don’t like the fact that AUD/NZD is consolidating at such low levels;
- Cable is back above 1.67 and EUR/GBP is hugging levels near .8200, no indication there that the GBP bull train is about to de-rail;
- The potential short-term topping pattern on GBP/AUD hasn’t materialised.
I’m reducing my short position for now and locking in some profits near 1.8600. Doesn’t look like this one will develop into a ‘retirement trade’ 🙂