Ok, how’s that for a fair headline from a perennial cable bear ? lol
I’ve banged on about 1.6600 being decent support for a while as the next stage below the 1.6625-1.6825 recent wide range.
We’ve had a quick look below while I was scribbling away but since bounced back to 1.6610 from 1.6597 lows.
There’s strong tech suppport and bids at 1.6585, and should we get through there then 1.6550 and the big 1.6500-25 area from where we began the rally on the back of the Vodafone tide of buying.
Jury out on whether we’ve seen enough on this latest retracement. I’m still inherently small short but have trimmed back down here looking to sell rallies (shock) to 1.6650.
GBPUSD H4 11 March
