Currently down through the strong demand at 1.6375 and 1.6350 that I highlighted in the orderboard on Friday and today.
Now 1.6340 from 1.6332 lows with the next target the key 1.6300-10 area, of which a close below will trigger further selling.
GBPUSD HI orders 3 Feb
I noted the GBPJPY selling in my original post this morning and DT mentions that’s still been a prime mover with possible central bank interest behind it. There was also talk of a large EURGBP buy order into the 10.00 GMT fix.
All in all yet another reality check in line with my week-end post on real wages but still a good two way market eh?
