The pair may have inherent demand but there's a few players queuing up to sell too.
Further to my posts on the large sell interest between 1.1460-70 we're now getting talk of another wave of offers between 1.1500-10 behind that.
Possibly a barrier option but unconfirmed. Expect stop-loss buy orders to kick off should 1.1510 be fully breached.
With the large option expiry interest today down at 1.1400 that I've also been banging on about we've got some of that ol' "good two-way business" going on. Intra-day traders loving it I hope. Longer termers will be sitting patiently but I hope you're still picking up a few easy pips.
Would be churlish not to eh?
Currently 1.1421 with EURGBP still pressing onto the 0.7980 support/demand area ands underpinning cable.
