Sterling consolidation

I mentioned on Monday the Pound may find some consolidation or may bounce slightly. Since Monday it has done both and is now quietly continuing its consolidation.

For those of you that are aware, The USDCAD was due for a reversal yesterday or today and has today provided us with a nice £1400 gain with very little risk. Support level at 10557.

Not much else to say but to look out for the news due out Thursday and Friday.

Tomorrow we are off driving Ferraris and Lamborghinis courtesy of Mr and Mrs Shah so there will be no update tomorrow.

Happy trading.