Cable pops 1.5200 to trigger stops

  • 1.5224 high so far in a rush after stops that we’ve highlighted were triggered
  • currently 1.5208

Not sure of the prime mover here but general USD selling and the failure to hold previous highs at 1.5195 obviously gave someone a green light for a crack through the figure

Time for me to re-assess after a good run and trading 1.5145-95 quite merrily for a while

Let’s see what happens from here but the offers into 1.5225 are holding so far and demand around 0.7750 on EURGBP should also provide some GBP sellers still

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