Hiya folks noticed a PD bottom on 15 min rsi so maybe a bounce of 1.61 as it is now
Still long GBP & Euro/Dollar on the longer term view
See nothing that for my short term view, which is primarily waiting for pattern set ups, but that is mainly just for fun so i dont mind waiting for one that "looks right"
Also see a Flat divergence in euro/dollar so up for now i think. 1.1425 giving the upside potential a hard time so once thats gone big grin from me (edit: euro/dollar has plenty of room to move and take some points until then)
Judging by my past few comments the opposite would be a good bet lol
The £ has certainly showed more resiliance against the $ recent strength.
GBP/USD is now showing signs of a turnaround and may have a go at 1.60 over the next few days. I'm not betting on this personally yet.
I have just shorted EUR/GBP at 0.6909 though as I think GBP will continue to perform well against the euro. The GBP/USD charts looks much stronger than the EUR/USD chart and I would anticipate any run up will be stronger in GBP than EUR.
Vaguely recall something in last weekends Sunday Business about how " the market is looking to short the pound" ? Did my 'nads on a short couple of months ago, will look to short it again should it get to 1.60 level. ish