Cable pushing through the intraday high as it catches a bid from vs the yen and euro
GBPUSD looked like it was sitting back and watching the show for a while but now it's finding its feet.
GBPUSD 15m chart
While we've made a new high for the day, the late European resistance yesterday at 1.2440 has slowed things down. It's no coincidence that that has come as EURGBP takes what might be a temporary breather at 0.8475. GBPJPY is still adding to the moves as it chalks up over 300 pips from the days low.
1.2500/15 is still the level to get back above to let buyers push on but be wary that these euro moves might see some profit taking as Europe heads out the door.
