Well, my orderboard warned of stop-loss buying if 1.5750 was breached and so it proved with 1.5777 posted in seconds prior to the jobs release
The 1.5800 reported barrier option was also soon history as traders scrambled to high-five the upbeat report given Mr Carney’s forward guidance link to a 7% unemployment rate
Sellers have been quick to take advantage though, including some understandable profit-taking
The orderboard also showed strong offers between 1.5840-50 and these have added to capping the rally
Buyers now seen between 1.5775-85 and more at 1.5750, now a pivot
GBPUSD M1
