It's been a good session so far for GBP pairs 20 Feb

No news of note that would explain the demand so the obvious candidate for blame is GBPJPY demand again after some decent falls on Friday and in Asia down to 139.94

Currently back up to 141.23 with GBPUSD taking out the 1.2450 offers this time with ease after stalling in Asia and testing 1.2400. Currently testing offers/res around 1.2480 with more noted at 1.2500 then 1.2520.

Yen pairs generally seem underpinned as some risk-on sentiment plays out again with USDJPY finding demand into 113.00 and 112.80 so we've seen EURJPY up to 120.30 and AUDJPY to 87.00 but it's GBPJPY that stands out once again as the prime mover.

All still ranging though between 139.80-142.80 and I remain a rally seller on GBPUSD, GBPJPY and USDJPY .