Strong offers between 0. 8530-35 are now absorbed as the pound’s soft sentiment continues and CBI trends data turns lower
Another layer of strong sell orders await at barrier option related 0.8550
High post in a rush just now was 0.8541 but now back at 0.8536 as cable turns back up from support around 1.6165
Euro demand has returned after the earlier falls this morning so I don’t see a rush to get in but I shall look to go short just ahead of the 0.8550 mark for a near-term range play.
- EURGBP H4 24 Oct
