I’m often banging on about the relationship between these pairs and watch them closely as regular readers will know
Earlier I highlighted the EURGBP bids at 0.8100 which also has strong t/a support between 0.8096-0.8101
GBPUSD has strong/key reisistance around 1.6935-40 according to my tea leaves so it’s no coincidence that we’ve seen a retrace on both pairs to 1.6885 and 0.8115. That and the GBP longs into the data/MPC running out of patience and booking some profit understandably
I expect to see some consolidation around here until our friends across the pond get going
Please talk amongst yourselves for a moment while I put the wrap together.
Or you can watch Later with Jools Holland recorded last night, which I was at along with my daughter who had an massive OMG moment when Ed Sheeran sang about 20 feet away from us.. Play “Where’s Mikey?” here
