Sometimes the best trade is to do nothing. Trading cable or any of the GBP crosses during the Asian session is usually fraught with danger. A couple of people have said to me already this morning that they are buying cable around 1.4990 with stops below 1.4920, the pullback low after the 1.5000 break higher last night.
Therefore my trade of the day is to do nothing, wait and see if Asia tries to trigger these trailing stops, and then consider buying in before London arrives!
