The intraday high at 1.0865 has been bested by 5 pips
1.0870 is where the sellers reasserted themselves and down we've come again to 1.0847
Support around the 1.0820/25 level had stepped up to 1.0830 and this last move higher will possibly see that support step up once again to around the 1.0840 mark.
EURUSD & GBPUSD 15m charts
Cable took a stroll higher and both moves look to have come on the London fix, and the lack of follow through goes someway to confirm that. 1.5610 has shown as resistance once more, as it did through the most of Asia but there's more resistance at 1.5630, 1.5640 and 1.5670
The main risk for the pound this week outside of US data is the BOE minutes Wednesday. I had a chance to speak to Dukascopy's Sam Meridith about that earlier today, as well as touching on Greece and China
My views for the week
