GBPUSD orders 29 March - In retreat but dip buyers currently prevailing

Currently 1.4068 after 1.4035 session lows

EURGBP demand seemingly the primer driver along as I warned earlier and general USD demand.

Recent support/bids around 1.4050 now history but more dip buyers lurking.

Offers/res building around 1.4100 again with some decent option expiry interest around 1.4100 in play too and helping to cap. Initial supply now into 1.4085

Decent demand around 1.4030 where I highlighted bolder interest yesterday with larger interest into 1.4000. A few bids building again around 1.4050 after triggering stops earlier.

I prefer the GBP rally-sell plays still. No surprises there then.

Offers: 1.4085 1.4100 1.4120 1.4135 1.4150 1.4180 1.4200-05

Bids: 1.4050 1.4030 1.4000 1.3985 1.3950 1.3900

Top Brokers

Sponsored

General Risk Warning