The pound came under attack again in Asia but is still finding a few buyers in the dip 9 August 2016
Lows for cable so far of 1.2968 but with EURGBP also running into supply ahead of 0.8550 it's been enough so far for the pound to steady a little.
Cable testing 1.3000 again now but still failing to cross the line as I type. Further offers into 1.3020 should we break this time. 1.2950 remains the line in the sand downstairs now with stops set to accelerate the fall should we crack.
Just hearing of a few stop-losses building above 1.3000 which may be a tempting target if we don't retreat too far this time.
EURGBP has demand around 0.8520 with more into 0.8500. Offers/res remains at 0.8550.
