A quick drop in cable as EURGBP takes a run though 0.8600
The pound had been largely ignoring the USD strength of late but a the break through 0.8600 looks to have done the damage.
That break itself has run into the 100 dma at 0.8632 and we've seen it hold the upside the last two days.
EURGBP daily chart
Meanwhile in cable, we're into an old well known level since the flash crash.
GBPUSD H4 chart
If we hold below 1.2330, look for this to build further resistance.
