Asian central bank reportedly buying cable in recent trade. We’re presently at 1.5960, up slightly from session low 1.5950.
Ain’t it funny how it seems to always stop at 50, be it on the way down or on the way up. Whether 1.5950 will prove the low for the day, who knows. Dangerous call in this market. We’ll see in the fullness of time, I guess. Probably some stops just below 1.5950 as well, although haven’t confirmation of that.
