Well, I’ve been plugging this one for a while now and we’ve just seen another opportunity to sell into the cable strength as 1.6749 retreats to 1.6735.
Still looks like demand in the dips down to 1.6715 but the 1.6650-6750 range remains intact still. EURGBP did indeed hold the 0.8240 level and is now 0.8259
Elsewhere it’s gone quiet again with a mixed bag amidst Ukraine uncertainty but with a more USD-negative tone seeing USDJPY down to 101.60 and USDCHF giving up it’s gains to 0.8818 to drop all the way back to 0. 8785
EURUSD still looks perky but not convincing enough to go racing much higher while the AUD continues to lose ground to 0.9348 despite gold turning back up through 1300. USDCAD has come back to rest at 1.0982 after 1.1014 highs stopping short of another wave of offers at 1.1020
Opportunities galore still at the moment for the shorter-term traders as long as you don’t get caught in the middle of the price action. I’m not saying it’s easy, but there is definitely opportunity in the moves.
And as the UK sunshine beckons me out to play I wish you all a good rest-of-session, and thanks for your input as always. I’m back to my early morning slot tomorrow so you know where to find me!
