It's been a busy morning for the pound 17 May 2016
Further to my earlier post we have indeed filled some gaps into 1.4450 posting 1.4457 from pre-data highs of 1.4525 just short of the strong 1.4530 offers/res I highlighted.
General USD demand helping to cap the pair as well, with USDJPY up through 109.50, along with EURGBP demand but now the 0.7830 offers and renewed GBPJPY buying are helping to add support as I also warned earlier.
Currently 1.4485 we can expect offers/res at 1.4500 now ahead of the larger interest at 1.4530. Demand remains at 1.4450 then into 1.4420.
All as per the printed programme so far. I hope you're paying attention at the back!
