We're seeing more of the same correlations in volatile markets
It's all oil led and now we're seeing cable back above 1.4230 again after holding into the demand/support between 1.4170-75.
The move is accelerated by EURGBP dropping to look at demand/support around 0.7600 as equity market rallies drive the euro lower again after its earlier gains.
Expect GBPUSD supply/res into 1.4250 and more EURGBP demand into 0.7580 should 0.7600 give way.
Ours is not to reason why. ours is just to sell and buy. Or buy and sell if that's your preferred way!
Go with the flow but don't go chasing.
