I covered for an hour yesterday while Ryan was with FX Street and I asked the question of whether at that time if GBPUSD could break down through strong support around 1.6065, a level that’s now become USDJPY’s 98.50
We had a good response to the post with most saying that the level would hold and that technically cable was still in up mode. I didn’t cover my short possie at the time but did get them back o/n at 1.6070 and will look to recreate higher up again.
This is a day to be flexible and the range seems entrenched until later. But the contrarian in me still says the pair looks a little top heavy.
