Pound enjoying a decent session at the moment 15 March
GBPUSD up to 1.3980 with EURGBP falling through decent support/demand around 0.8830 to post 0.8825 so far.
In addition there was option related support/bids at 1.3920 that I highlighted a few times in earlier session posts. No real surprise that we posted lows of 1.3922 and rebounded. I hope you took heed as indeed I did and squared up some o/n shorts.
USDJPY is underpinned between 105.80-00 and that's also encouraging some GBPJPY demand with shorts taking a bit of money off the table to take it up to 148.13 from 147.70 after the earlier retreat from 148.40. GBPCAD demand too as USDCAD breaks up through 1.3000 to post 1.3033 in a hurry.
Good sell interest on GBPUSD still between 1.3985-00. GBPJPY sellers between 148.30-50 EURGBP demand at 0.8820 and 0.8800
So not exactly GBP love, more by default on others getting slapped but bulls won't be splitting hairs, while sellers will remain poised to jump back in.
I'm out of here shortly so I'll say cheerio and see you all tomorrow for more fun, games and positive pips.
GBPJPY- Just one of the cross pairs helping the pound
