Once again, I feel that the pound has some making up to do on the crosses so I am more comfortable being long cable than being long AUD/USD (over-valued) or EUR/USD (too many dangers lurking in the European banking system). I was lucky to buy in on the dip at 1.6560 and if I can make 400 pips then I’ll be very happy and I’ll sit back and wait for another entry level.
