The fix is now done but the rally hasn’t eventuated yet. Cable, EUR/USD and AUD/USD are on or close to their lows. Watch for some tight trailing stops in the cable below 1.6365 but I’m also hearing of some decent sized bids at 1.6330/40. Still lots of offers in the AUD/USD around .8200 and dealers say that they do not expect the EUR/USD to trade outside a 1.415/1.425 range during Asia as there are decent sized orders either side.