Traders report very good-sized sell orders were absorbed in GBP/USD between 1.6600 and 1.6630 as EUR/USD was making its run for 1.50. Solid sales were seen at 1.6610 and 20 and were easily absorbed. Now the question is can they be easily digested.
My guess is that the pound will react like Yours Truly at an all-you-can eat buffet: It’s easy to overdo it but not so easy to comfortably process the intake…
Small stops are seen below 1.6590 now and again below 1.6560. We trade now at 1.6612.