Selling of Her Majesty's quid intensifies on poll news
It must be a quiet morning if we're just dropping on the Telegraph poll story. More's the case that this is just an excuse for sellers to keep the momentum going from yesterday.
GBPUSD 30m chart
We're now down over 200 pips since yesterday's highs and I've a suspicion we're possibly going to remain soft this week, what with the FOMC and BOE to come. Those two events are going to have a bigger say than a Brexit poll that's going to be one of many to come over the next few months.
For now 1.4200 is where resistance will build in earnest. Watch for it trying to build here at 1.4180 too. The 50.0 fib of the 29th Feb swing is at 1.4135 and the 100 H4 ma at 1.4115 also caught the low back on the 10th March. That's where we'll see support ahead of 1.41 even.
