GBPUSD on a bid

GBPUSD on a bid

The GBP has overtaken the JPY as being the strongest currency against the USD. It was the excellent November jobs data that sent the GBP on its way. The strong bid into the event was suspicious and a tell to me to watch out for good data. What is significant here is that the GBP is rallying on good data. Typically it has been sold on the good data. AN obvious upside target is the 200 EMA daily highs around the 1.3000 handle