We've rung the doorbell at 1.5400 but no there's no one home right now and we're just easing back to 1.5385
The underside of the old support line is acting as resistance but it's right on the big figure so that will be a part of it too. A push over the line and we'll see how 1.5420/25 fares again, and the yesterday's high at 1.5440.
EUR/GBP has been playing a tight range between 0.7420/30 and the 200 mma at 0.7370
I took a long from the lows on Thursday which I bailed for 47 pips and have been preferring to play the long side in this ranging pattern. Sooner or later one side is going to go and at the moment the downside looks more favourable with the 1 week trend continuing lower. It's getting to the point where trades should be kept nice and tight for when we do get the break.
