I hope you all managed to cover your shorts ahead of those 1.3000/05 bids, 1.3006 was the recorded low. It sounds very much like barrier protection ahead of the big psychological level, but I have no confirmation of such. Sentiment remains nevertheless quite negative, and any rallies back towards 1.3100 are likely to run into plenty of sellers.
I mentioned EUR/GBP earlier, and talk of plentiful selling interest at .8360. I’ve initiated a small short here at .8310 and will look to add to this position on any rallies back towards .8360. I shall reassess this strategy on a bullish break back above .8400.
