While Ryan is getting his make-up on and tidying his cue cards I’m stepping in to keep the scoreboard ticking over.
I mentioned earlier that I sold GBPUSD up toward the daily highs after highlighting the heavy resistance at 1.6120
I also said that buyers would be lined up around 1.6065 and I would be looking to get my short back down there, with more bids behind that at 1.6060 and 1.6050.
Well, we saw some decent selling interest at the 16.00 GMT fix ( ssshh, don’t tell anyone how I knew ! ) and, along with the EUR surge it’s capped cable rallies for the moment.
I’m inclined to stay short still and see if we can have one more shunt down through the strong intra-day support.
What do you all think of the pair here?
GBPUSD support M1 6 Nov
