Another soggy morning for GBP pairs 11 Aug 2016
Further to my earlier post re the GBPJPY selling we've now seen the strong 1.2950 demand chewed through and stops I also highlighted triggered to 1.2935 just above the next tranche of bids at 1.2930
Currently back to 1.2957 with sellers now expected initially into 1.2970 then 1.2990-1.3000. Demand 1.2930 and larger into 1.2900 and I remain a rally seller ( no surprises there then )
EURGBP has taken out decent supply around 0.8600 to post 0.8611 ahead of the post-Brexit highs of 0.8629 before fading back. Demand around 0.8600, then 0.8585 with larger interest into 0.8570 still. I remain a dip buyer ( ditto no surprise comment. lol)
Hey, who knows , one day before I leave these pages I may put out a recco to go long GBP ( but don't hold your breath!)
