Euro supply has seen demand for GBPUSD return
0.7750 has held up well in the past 24 hours launching a rally to 0.7814 but fresh euro selling has now seen lows of 0.7742.
GBPUSD has risen to 1.4015 as I type just shy of the offers around 1.4020 that capped the rally yesterday and as I've been highlighting again today.
The 1.3900 demand was also noted earlier and in these current range trading times we can expect good supply into 1.4040-50 confirmed by tech res too.
Currently 1.4020 and worth selling some here and above 1.4050 but caution advised with EURGBP still looking to head lower.
The two pairs as ever are joined at the hip so if that turns higher again the cap will be more pronounced.
Update: ADP Employment Change data coming out at 13.15 GMT
The pushme-pullyou relationship between EURGBP and GBPUSD
