GBP/USD dipped back to test chart support at the 1.6235 level and is rebounding after passing the test. Markets are Friday-thin, so its anyone’s guess where the next stop will be.1.6295/00 is resistance on rebounds near-term. We now trade at 1.6260.
For the dollar, it looks as though it has adopted this proven strategy.
EUR/GBP reached 0.9057 before stalling and now consolidates at 0.9045.
