I’m glad now that I followed my instincts and closed most of my cable position, it’s already 40 pips lower on the session and could slip further. This market is looking for the weak side in the short term on all pairs and will continue to whip around illogically. There is little real buying in the cable until around 1.6600 from what I’ve heard, also the EUR/USD has 100 pips on the downside until any decent buying emerges. Don’t look for too much sense in these moves- it’s early Christmas noise.