GBPUSD orders 23 March - Good two-way opportunity still

Author: Mike Paterson | Category: Forex Orders

Currently 1.4112 having failed between 25-30

Yesterday I suggested a rally sell post-BOE and we duly capped around 1.4220. A case of buy rumour/expectation and sell fact.

GBPJPY still playing out both ways. EU summit concludes today too so expect a few talking heads on Brexit and expected ratification of transition period draft.

Decent offers/res initally between 1.4125-30 with more into 1.4150. Demand building around 1.4100 with large interest into 1.4080 still.

I prefer the GBP rally-sell still. No surprises there then!

Offers: 1.4125-30 1.4150 1.4165 1.4180-85 1.4200 1.4220 1.4250 

Bids:  1.4100 1.4080 1.4050 1.4020 1.4000 1.3980 1.3950