I highlighted cable breaking down through 1.6750 earlier and targetting 1.6726 but with bids behind that.
Low posted 1.6718 since but picking up a little demand now back to 1.6734 as traders trim back a few shorts ahead of the w-e and lack of further momentum for the moment
GBPJPY has recovered to 169.88 from 169.50 lows after the important 170.00 support had given way to trigger stops. EURGBP is still in demand though at 0.8294 after failing to hold above 0.8300
Expect some good two-way GBP business around here and I have trimmed back a bit more of my cable short, given that we’re still range trading.
