Yes folks, that 1.5480 elephant is finally out of the room and so too is 1.5500 as I type with stops through there triggering a move to 1.5513
Currently 1.5508 I'm staying out of this for the moment having had a decent time on the previous rallies to 1.5480
Looks underpinned again with EURGBP also tied down by offers into 0.7350
Nothing wrong with looking on from time to time rather than have something in it. Indeed, it can often help to give a fresh perspective
Let's see what pans out but the GBP bulls will be enjoying this breakout and hoping for further momentum. I remain unconvinced but as I've said
often lately there's some good two-way business o be had and we know
now, if we didn't before ( which I think we did reallly) that 1.5330-35
remains the new line in the sand downstairs
