Some stuff on one of the wire services. As regular readers might have fathomed, I quite like Barclays Capital’s thoughts on matters sterling.
The bank is apparently impressed with cable’s relentless squeeze of short positions. Has initial target of 1.5260 with 1.5385 next.
Adds, that given consistent momentum divergence signals on the crosses, it can’t rule out a run to 1.5885.
Hey, that’s not too far from my 1.6000! Maybe I’m not totally nuts.
