50% retrace now on gbp index since london opens.....must admit ive sneaked in a couple of cable bull scalps so far from  2840s to 2860s now 
why ? ...........because the GBP is so volatile this week theres usually at least 5 pips in the retraces ...so i am chasing cable both directions most of the time in the high liquidity sessions we are seeing 
G8 is consolidating london at moment