Currently 1.3987 after failing above 1.4000 again
The sell interest/res at 1.4100 that I've been banging on about proved a good line in the sand.
Yesterday on the bounce from 1.4000 I warned that 1.4030 was the pivot area and if it didn't break back up through then we could expect a test lower again.
Hey presto. I hope some of you took notice. Offers building at 1.4020 again in advance of that level. Demand at 1.3965 with larger into 1.3950. GBPJPY in play still too.
I prefer the GBP rally-sell plays/buying back in the dips still. If it ain't broke why fix it?
Offers: 1.4000 1.4020 1.4030 1.4050 1.4065 1.4085 1.4100-05
Bids: 1.3965 1.3950 1.3930 1.3900 1.3880 1.3850
