Yep, I know you all know that but it’s for the benefit of our thousands of Twitter followers not stuck to their desks !
Cable trashed through the strong technical and buy order support at 1.5885 to post 2-month lows of 1.5854 and EURGBP has taken out some good size sell orders on its way to 1-week 0.8438 highs.
I say it’s overdone a bit now but the fact that we haven’t immediately reversed any of the move suggests there’s more GBP selling to come.
GBPUSD tech support areas now 1.5845, 1.5810 and 1.5764
Pound weakness across the board with GBPCHF 1.4615, GBPAUD 1.7003 and GBPJPY 158.12
