Yesterday I wrote about the key role EURGBP could play, a post which garnered some interest for a variety of reasons and as I get ready to clear off for the week-end it’s staring us in the face again.
Good demand around 0.8165 after failing at 0.8250 ( the first of my notable resistance points) yesterday has added to the pressure on GBPUSD as EURUSD continues its move lower to key support betweem 1.3775-85. The next test will be if that breaks and EURGBP holds then we can expect GBPUSD to keep falling.
If EURGBP starts to give way down to 0.8150 then expect GBPUSD to find some additional support ahead of its own bids down at 1.6825-35
The interelated impact of these three pairs can not be underestimated right now, if ever
And on that bombshell ( one for all you Top Gear lovers) I’m gone and will leave you in Ryan and Adam’s wonderfully capable hands.
Have a great week-end and thanks again for your fantastic support as always.
