1.5701 just paid before business back at 1.5690.
1.5705 presents good tech resistance as supported by the orderboard with the larger tech res at 1.5735 in sight behind that protected by some decent offers at 1.5725 but also more behind into 1.5750.
I’m not sure how carried away we’re going to get ahead of the FOMC and I’m happy to keep my powder dry still, but may be tempted to sell again if we do get to that 1.5735 area
And I’m not so sure that those MPC Minutes offered much cheer in real terms. More a case of not as bad as feared. But, hey, in these fragile markets that’s good enough for a rally when traders get caught short and what’s not to like about two-way business in a session?
EURGBP has given up on its attempted topside break out through 0.8040-50 and has been down to 0.7988 before finding support ahead of bids from 0.7985 and which is also helping to cap cable
Delicately poised, as I’ve heard someone say once or twice before on these pages!
