GBPUSD: closed long; -70 pips. Flat now

12.29 bst

Cable has hit the extreme stop and I’ve closed the long from 1.5242 at 1.5172 for -70 pips.

Given the BOE meeting soon and the technical picture not being clear, I am staying out of this market for now. I’m not flipping this trade to short, I’m flat GBP.

The EURUSD is showing a similar picture and I’ll probably close it soon.

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