EURGBP buyers are once again adding supply to GBPUSD 25 Aug 2016
EURGBP was a prime mover yesterday as the euro came under pressure across the board and the pair hit its short-term tech target around 0.8485.
We've since been back up to 0.8535 so far before running into sellers again and that's pushed GBPUSD lower to 1.3203.
Demand/support there has held so far and with EURGBP offers between 0.8535-50 this should set the tone for time being. A move below 0.8480 triggers a test of the next big line at 0.8565.
EURUSD needs a break below 1.1245 to trigger further falls in that pair but expect offers/res all the way into 1.1300.
Good two-way business again providing excellent opportunity for GBP bulls and bears alike.
