I’m going to get a right telling off from Mike tomorrow for going long in cable. That’ll be more intolerable than the money I’ve just lost.
With the channel now broken and 1.5300 shot to bits, focus is on what’s underneath.
Next stop is the 55 dma at 1.5240 and the 50 fib at 1.5217. Support also seen at 1.5245 and 1.5231.
EUR/GBP is into 0.8490 ahead of offers at 0.8500.
If this fall has any chance of reversing then 1.5300 needs to be re-taken. A close below could see further pressure to the downside.
