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.
Pound having a fine day as 0.8500 cracks in EURGBP
Pound having a fine day as 0.8500 cracks in EURGBP
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