I’ve written that headline a few times this year and it’s been true again today for our old friend GBPUSD
I recommended a sell into the post-PMI rally in line with my ongoing sell-rally strategy on this pair and given the large resistance/offers into 1.6900-10 and we’re now back to 1.6859 from 1.6889 highs
Rinse n repeat remains the name of the game and be patient. I hope some of you got a few pips out of it too.
EURGBP has found that base at 0.7925-30 that I also highlighted but is failing to make too much headway as euro pressure continues with EURUSD toying with good bids/support at 1.3380. Barrier option defence at 1.3550 behind that
