It's been a slow climb and let's see if it can hold the gains today
Cable's been crawling higher today and has hit a high of 1.2295. Yesterday we crept over the 1.23 line by a handful of pips before the afternoon blowout to 1.2200.
GBPUSD 15m chart
The 50.0 fib of the late Dec move is around today's high too, give or take a few shillings.
Given that other GBP pairs are doing nothing, I'm looking at a low risk trade shorting up near 1.2300 with a stop just above yesterdays highs, maybe just above the 61.8 fib.
