gbpusd

China trade posted here from 1.6260 now 170pips in profit. Those i chatted with during the trade, i suggested they try and book profit in stages while maintaining a 20pips stop from the entry as i honestly thought they were going for a swing trade as they had aggressively done on a long from 1.57000. Real money and asset managers remain dip buyers with specs mostly shorting into rallies likely suggesting short-term bearish trend might continue and long-term bullish.Middle east bidding between 1.6180/00 with offers up at 1.6230/40 and more from UK clearers at 1.6280/00 level