Maybe my GBP bullishness of the moment is totally misguided or perhaps I’ve gotten the timing wrong, but the price action yesterday in cable was very bearish and rallies were almost non-existent until Europe closed. EUR/GBP is back up towards the upper end of its short-term ranges and cable has closed below previous technical support at 1.5270/90.
I was up a few times overnight nursing this latest sick child but remain long with a stop at 1.5100.