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GBPUSD: Option related selling at 1.6600

By Sam Diakou  || June 2, 2009 at 23:27 GMT
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The same option related sellers that capped the Cable at 1.6600 overnight are likely to dominate proceedings today. GBPUSD has traded in a tight 50 points over the last 6 hours with good interest on either side. Middle Eastern bids on the downside at 1.6500 and below.

Look for a break either side of 1.6550 – 1.6600 for the next direction.

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