Well I’d say given the recent price action there were indeed sell stops placed just below 1.2050. Whether the 1.2050 barrier interest was or was not intact this morning now becomes a moot point.
Barrier interest now well-touted at 1.2000. We’ve been as low as 1.2005, presently at 1.2025, so defence of said interest now well underway.
Somehow though I don’t think we’ll have to wait too long before someone gets to put up a “pop goes the weasel” headline. Hope it’s me. It’s the little things in life……..