Took out the offers at 1.5475/80 to highs of 1.5488, with a lot of help from EUR/GBP which has mostly reversed yesterday’s rally, with a drop back to 0.83535.
Should be some tech support now around 0.8350 and then 0.8330/35 should the move continue down.
GBP/USD has a chance to accelerate if it can push through 1.5520/25 with next tech resistance the highs of Tues/Wed at 1.5692/00
Gerry and I will be off shortly so it just remains to wish you all a very happy 2012 and we’ll be back on Tuesday
