It’s been pretty much one way traffic in this pair from last Wednesday’s lows of 0.8266, and some light profit taking is now being seen after the initial 0.8400 barrier was flushed in Asia overnight. Further gains can’t be ruled out but i’d expect some consolidation now after its meteoric rise over the last month.
This week ‘s focus will be on the jobs report and BOE Minutes on Wednesday, ahead of the UK GDP on Friday
Bids lie below in the 0.8350/60 zone with talk of some sell stops just below. Further bids are noted below at 0.8300/10. Offers remain up at 0.8400/10 ahead of the barrier with likely buy stops above, but more offers are just behind from 0.8420 running up to 0.8450 which may also hold barrier interest.
Bids lie below in the 0.8350/60 zone with talk of some sell stops just below. Further bids are noted below at 0.8300/10. Offers remain up at 0.8400/10 ahead of the barrier with likely buy stops above, but more offers are just behind from 0.8420 running up to 0.8450 which may also hold barrier interest.
EUR/GBP’s sitting around 0.8386
