A session of pound pressure again as Brexit concerns prevail 13 June 2016
I said earlier that I prefer to play from the short side and remain (see how often that un- intended reverse pun comes into a post?) a rally-seller still looking for offers/res into 1.4220-25, and so it's proved.
Highs of 1.4222 have now turned into lows of 1.4129 in rapid time as EURGBP bursts up through decent offers/res around 0.7950 triggering stops to post 0.7973.
That move kicked out the bids at 1.4150 and now that area should become pivotal intr-aday with more offers expected into 1.4185-1.4200. Demand at 1.4125-30 and larger at 1.4100.
No fresh news on Brexit per se but bookies odds on Leave still being trimmed further to my week-end report with safe-haven CHF and JPY demand taking its toll on the target with GBPJPY and GBPCHF both under fire still.
