How are you liking your cable trading this morning?!
Never a dull moment on GBPUSD and this morning has seen it at its nutty/pulled-around best as first the pair gets a lifts from a generally softer USD tone then gets slammed lower as EURGBP breaks higher
I mentioned the bids around 1.4775 in my orderboard post and they've held so far, as EURGBP once again stalls its rally into 0.7180
Where from here? Well, for me it's selling those rallies still but equally it's in range-trading mode so don't get too greedy. Likewise if you're bullish and buying dips
Currently 1.4787 from 1.4773 as EURGBP retreats to 0.7158 from 0.7173
Rinse and repeat until we break
