Cable looks at 1.4400 again as EURGBP falls through support

It's been another session of ups and downs but EURGBP has finally broken down through 0.7850 support 22 April

There's no doubt that GBPJPY demand is adding to the pound's underpinning since an early wobble that saw GBPUSD down to 1.4315.

These are blink and you miss it markets and now we've posted 1.4403 but once again finding sellers into the rally, still my preferred play. EURGBP has fallen to 0.7831 with more bids nearby but also capped by general euro supply that has also seen EURJPY cap into 125.00.

EURGBP will now have the 0.7850 area as pivotal with offers/res above that around 0.7880 with larger interest at 0.7900 that has held a few times recently.

I'm out of here now so I'll wish you a great week-end and thanks again for all your support and input this week.

And hey,