Bingo! Failure to breach 1.2800 post-PMI data meant the only way was down
As per my previous post.
GBPUSD currently testing the 1.2750 bids/support with talk of stop-loss orders to be triggered if breached.
Next layer of bids around 1.2730 then stronger at 1.2700. After that it's all a bit thin at the moment order wise.
These are 31 year lows after all.
I said EURGBP looked underpinned still and that's popped up to new 3-year highs of 0.8760 further adding to GBP supply.
