Andy B has been pointing out the bid tendency on cable and we’ve just popped strong offers at 1.6550 triggering stops in a rush to 1.6557
I sold up here on the failure to break last night and bought back at 1.6520 but this feels a little different and I shall stay on the sidelines for the moment. I may regret it but I have to trust my gut feeling.
More offers at 1.6570-80 and then stronger at 1.6600-10. Bids gathering strength on the dips to 1.6500-15
GBPUSD H1 March 26
