We’ve now traded back down to 1.6339 from 1.6404 highs earlier but we’ve got buyers lined up again down here between 1.6330-40 and below to 1.6300
Reader Desk Trader said in the comments to watch out for yesterday’s lows so we’ll see if they break or hold.
I’m square again having bought my short back down here yesterday ( albeit 2nd time around ) and will see what happens from here. Still favouring shorts but cautious ahead of ECB.
EURGBP looking more comfortable above 0.8300 anyhow.
George Osborne’s Autumn Statement coming up at 11.15 GMT
GBPUSD H1 5 Dec