Easy for me to post that headline I know you’ll say but having reached a tech target of 1.6918 after the PMI data we’ve not really had a serious rally again with attempts over 1.6910 being sent packing albeit very slowly with good demand above 1.6900 to plug the gap.

Currently 1.6894 having now drifted back through I still expect to find support at 1.6875-85 but the pair could well retreat further to the 1.6845-55 area, a failure to hold above 1.6910 on US data/Yellen led rally confirming such a move opportunity.

Offers still at 1.6925 and more into the 1.6950 barrier option interest

GBPUSD H4 1 May

GBPUSD H4 1 May