We had a look there at the release of the JOLTS data and option cut and we’ve had another look and broken 1.6800 just as the London fix hits. Not saying the two are fully related but I always check the clock when I see moves like this around this sort of time.
Between here and 1.6815 we could see some mild resistance as traders look to cover shorts ahead of the UK employment and inflation reports tomorrow. Stronger resistance will come in around the 1.6855/60 level and stronger still at 1.6677/85 by way of the 100 dma and the 3 day tops on the 1st, 5th & 6th August
GBP/USD Daily chart 12 08 2014
