Ok, so you all know my bearish/sell-rally stance on this by now but even I have been surprised by the momentum lower that we’ve seen this morning given that anything could happen with ECB
GBPUSD has now triggered stops through 1.6150-55 that I’ve been highlighting and we’ve posted 1.6136 but seeing some bids down there as EURGBP runs into offers in to 0.7830
GBPJPY selling earlier added to the pressure but also seeing a few buyers down at 175.30
I’m still short of cable but have taken money off the table again in these dips and will keep an inherent short into ECB given my entry levels/ position average
