It was a target point for many traders and it's proved to be a step too far this morning

Failure to penetrate has brought about some profit-taking as traders wait to see what happens in the final couple of hours of Chinese markets

Highs of 1.1499 , now 1.1452 with a few bids reported between 1.1440-50

EURGBP 0.7303 from 0.7329 with bids between 0.7285-0.7300 while EURJPY drops to 138.65 with bids into 138.50