GBPUSD: closed long at 1.5692, +92 pips

17.36 bst

In the absence of data events, the trading is driven by options, stops and algos. The big barrier option at 1.57 is holding up well but is likely to break, in my opinion. However, above 1.57 the going is tougher for cable, so I’ve decided to take profits here, just in case the barrier option holds.

Closed GBPUSD long at 1.5692, +92 pips.

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