No sooner did I take this vehicle off the sheets out of boredom than it fell, finally, to within a hair of a longstanding target at 1.5859. We found a camouflage opportunity to get long briefly during yesterday’s impromptu webinar as the futures were making the turn, and although the position went marginally profitable on the five-minute chart as we watched, they were sinking again in the early evening  The target remains valid nonetheless, and I would therefore encourage night owls to use it for camouflage if it is reached on the implied slight dip beneath Monday’s low. Incidentally, these impromptu sessions, where we look for real trades in real time, are open to all Rick’s Picks subscribers and great fun. If you want to join us for the next one, and to access a 24/7 chat room frequented by seasoned traders from around the world, click here for a free trial subscription. _______ UPDATE (11:37  a.m. EDT): Slippage far beneath the target last night couldn’t be worse news for the pound, since the pivot was a clear, major Hidden Pivot support. This is not withstanding the sharp dead-cat bounce that is occurring at this moment.  The breach of the support implies the pound is on its way down to at least 1.4396, with 1.1827 possible over the longer term.  Who thought the sun had already set on the British Empire!