Yesterday I highlighted that cable had run out of steam with new resistance at 1.6235 ahead of the 1.6250 barrier.
Given that EURUSD still had bids I recommended a long EURGBP trade at the prevailing levels around 0.8386. I hope some of you got on board that one.
I’m still long but will be keeping an eye now on the reported 1.6150 cable barrier to see if that continues to lend support, and starts to cap EURGBP.
Currently 1.6168 after 1.6153 o/n lows and a dip to 1.6163 just now. EURGBP 0.8427
