GBPUSD had a couple of looks above 1.2910 yesterday but now lower 22 Aug
It's an area I've been highlighting for a while and been happy to sell into.
Currently 1.2882 after 1.2916 highs yesterday we should expect some support/demand down here between 1.2875-80 as I also highlighted in a previous post.
Good two-way business still and ranging until this new tighter span is broken.
More bids/support into 1.2865 and more remaining around 1.2850. On the topside a break of 1.2930 should trigger a quick look at 1.2950-80.
I continue to play with a short bias but if any USD weakness is sustained I'll switch my focus back to EURGBP longs or GBPJPY shorts.
GBPUSD 15m
