A steady retreat from 1.3020 in Asia is continuing 3 July

Early European trading has seen GBPUSD post 1.2995 after Asia pushed it back down from 1.3020.

Hardy a move of seismic proportions though and we continue to trade 1.2950-1.3050 as the current range in essence, Friday's dip to 1.2946 being quickly bought into.

Expect more of the same. Buy low, sell high or vice versa ofc which is my preferred play still.

Immediate demand/support into 1.2980. Offers/res 1.3010-20.

EURGBP nudging up to 0.8785 from 0.8772. Offers/res around here and into 0.8800 awaiting.