1.5590 the new high for GBPUSD
The short isn't looking too hot right now as we keep inching higher. The buyers are chipping away at resistance ahead of 1.5600 and if we get a decent push we could see that tested. If broken we're likely to see some stops hit through the big figure
Still, we're at the highest since late December and it's looking a strong move
Support will come in at 1.5550 then 1.5520 and 1.5500.
GBPUSD 15m chart
EURGBP has held up at 0.7150, which might help stem the gain in cable, and USD/JPY is edging back into 120.00 which also may exert some pressure
Gold has taken a dive which looks Williams induced. It fell to 1179 from 1187 quick smart as the Fed man said June is still on the table for hikes. 1175/80 has been a strong S&R point for a long while so it's no surprise to see it holding up again
Gold daily
Cable short: Looked good on paper
