No doubting that this pair and the pound in general have been feasting well over Xmas.
Currently 1.6472 after posting highs of 1.6478 we still have strong sell interest at 1.6485 and a barrier option to be defended at 1.6500, which we have been highlighting on the orderboards lately.
GBPJPY just off its highs at 172.53 and GBPAUD back to 1.8451 from 1.8515 as AUDUSD finds a few buyers back up to 0.8928
EURGBP had yet another look at strong support at 0.8330 but once again failed to penetrate as euro buyers came in across the board.
We’ll see what Europe has to say, if anything, today.
