We’ve seen a move up from 0.8507 to 0.8522 in this pair as the GBPUSD rally runs into a few sellers.
Yesterday I recommended a sell near 0.8550 which I duly opened at 0.8548 and bought back o/n at 0.8510
I hope some of you joined me and made a few pips
I think we’re range-bound now, 0.8490-0.8560, and will be looking to trade both sides with no particular axe to grind.
I still can’t help thinking that GBPUSD is over bought up here though. Q3 GDP prelim at 08.30 GMT will show us one way or another hopefully.
