DislikedCable and my stalwart AUDJPY continue to have my ear, based on an assessment of all three time frames. What does Cable mean for the EUR? for Chunnel? We are not inclined to short either, as mentioned at the end of last week.Ignored
monthly printed a nice doji last month signalling a possible change in direction.
weekly has posted some nice solid moves up but 155 zone is proving a problem so far but the rejection was not followed up and we are now going to test that resistance again this week? but we are also up against the 20ma as well.
daily has used the 20ma as support lately so no reason to short cable on that account.
EUR looks like it will survive the crisis eventually, having drawn that line in the sand at 132 last week. I wouldn't go long yet too much stuff in the way to overcome which will be choppy to say the least.
So for the time being EURGBP is going nowhere probably fairly narrow range until something happens to change the balance like a surprising UK election result.
Is this more or less what is causing your reluctance to short either of these?