It's been a decent hour for the Pound but the wobble's not over just yet
As per my posts ,the latest here, cable has indeed run into fresh demand at 1.5030 ahead of the 1.5000 option barrier defence I've been banging on about and Ryan also highlighted here
Adding to the GBP demand has been EURGBP's failure to breach 0.7050 which I also highlighted despite reported month-end demand, or at least month-end front running. We can expect more on Monday if BUBA haven't been in already
Kerr-ching. Easy pips really. Not always that way for sure so be grateful when it happens. Greed is not always good, indeed rarely so.
I'm still a GBP rally-seller above 1.5100 and around 0.6985-0.7000 on EURGBP for the moment. Still trying to reach a decision on whether the ECB will pleasantly surprise, or indeed disappoint, the bears next week
That's my lot for the week. I hope I've helped steer you into some pips or save you from losing too many. Keep an eye out later for price action impact from some lumpy option expriries on EURUSD and USDJPY
Thanks for all your great support and have yourselves a peaceful week-end
