Thanks, Stocky and I'm pleased you're keeping busy. I agree with your levels but what I meant in my post, though, was that I see 1.6 being tested and failing. The market got a disappointment in the recent implacability of the MPC minutes. We have a weekly bearish bar of high range off 1.64. Then we have a technical top pattern. Whether this will add up to sufficient momentum to break support remains to be seen, but 1.6 will be relatively easy to trade with an initial target of 1.59 support - December 2010 - but a further fall to technical target of 1.56 and lower on the cards.
Gone to a better place