Pound in retreat again after weaker UM services PMI report 5 Feb
Earlier I posted the Jan UK services PMI data showing 16-month lows for this key sector in the economy. Some Brexit-bubble bursting going on too.
In my order board post I said again that I prefer playing from the short side and now GBPUSD testing 1.4100 again chewing through a few bids/support after hanging around 1.4120 following the post-data fall from 1.4143.
More bids/support into 1.4080. Offers res now building between 1.4120-30 with larger behind at 1.4150 still.
EURGBP up through earlier res/offers at 0.8835 to post 0.8838 but rallies tempered by EURUSD also falling back to 1.2455 from 1.2470 highs.
GBPJPY near session lows at 154.83 as USDJPY treads water again around 109.85. A few bids round here with around 154.45-50.
