The first attempt got slapped back at 101.90 but it seems we want to have another go. I bailed my short at 101.87 earlier after missing my t/p buy 6 pips. I’m blowed if I’m going to take even a 5 pip loss just to see it out. I’ve missed the boat (for now) and that’s that.
The day I’m having I wouldn’t bet on the sun coming up tomorrow.
As Ryan L pointed out in the comments, 1.5200 in GBP/USD will be a big level. If it goes then I think we will see a real run to the downside. Maybe not in a crash and burn way but the trend will be set for further declines.
