We’ve had a fall this morning from the 100 DMA at 0.8308 to strong support at 0.8280 matched by bids as per my orderboard.
The move has seen GBPUSD take out the 1.6650 offers and trigger stops to 1.6664 before retreating
More bids down to 0.8250 then stronger at 0.8235. I’m tempted to go long here with a tight stop below 0.8275 but the price action feels soft still and cable has some decent bids piling up below 1.6630 again, so I’ll sit and watch for the moment.
One to keep an eye on though.
EURGBP H4 April 2
