After the early-European gains we're in retreat again 1 Feb
Further to my earlier posts we've now kicked on down through 1.4200 to post 1.4190 before finding fresh buyers. GBPJPY once again a prime mover as both core pairs run out of rally steam.
GBPJPY broken down through 155.50 support/demand to post 155.23 with larger support lurking into 155.00. GBPUSD has buyers lining up around 1.4180 then 1.4150 again.
Both pairs and USDJPY finding some dip demand again though so sellers should be cautious and wait for another rally or for this bounce to run out of steam too. GBP shorts can take some more money off the table.
The other barometer I've been highlighting has been EURGBP and that's also found some GBP support again after posting 0.8770 and now back down to 0.8757. Support now around 0.8750 then 0.8735.
I'm out of here now. See all you tomorrow for more fun and games.
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