I think sterling is soon due for another major down move and I’m trying to set myself accordingly.
I took a loss on 1/2 of my EUR/GBP position overnight and I now have a small long position with a terrible average. I am trying to build a short GBP/JPY position and I will continue to do this until we get a daily close above 153.00. I have also sold cable at 1.6380 this morning as I heard yesterday of some significant offers between 1.6425/45 yesterday which managed to limit further gains. This is more of an intraday position which I will actively trade.
Nothing like having all your egss in one basket!!
