GBP/JPY is drifting lower as Japanese traders join in on the GBP-selling spree. As the old adage goes, ‘it’s never too late to sell sterling’. EUR/GBP is trading at .8800 and cable at 1.6100.
I’m sticking with my buy-dips strategy in the cable and I’m looking for this present dip to falter around 1.6050. If we break below 1.5950 then I’ll start to get very worried.
