Pound having a decent day at the office today 9 March
One of the few majors not to be contained by options today and that's allowed GBPUSD to nudge up and test 1.3850 offers/res with EURGBP squeezed down to 0.8876 session lows.
EURUSD and USDJPY both contained post-data due to option interest at 1.2280, 1.2300, 106.50 and 107.00 and that's now seeing GBPUSD push up further as I type, almost by default as much as anything.
Decent retreat yesterday from 1.3900 to 1.3780 so it's understandable that we're seeing some money come off the table as the week draws to a close.
I would expect rallies to be sold into 1.3860 and then 80-00 again and stand poised to fade this move.
