Here we go again as cable flatters to deceive and runs into stiff supply
The 1.5450 level has been highlighted on FXL a few times in the past 24 hours and I've noted it here and here this morning
High so far 1.5449, we're currently down to 1.5403 and some good pips to be had by bulls and bears alike
EURGBP bids around 0.7230 are also helping the cap on GBP generally with lows of 0.7242 now bouncing to 0.7265
As always, trade what you see and that one was staring you in the face huh? Did the MPC Minutes really offer anything that hawkish ?
More a case of sell expectation/buy fact then, er, sell reality!
