Pound liking the labour data but sellers still lurking

15 June 2016, 10:57
Sherif Hasan

Better than expected UK wages/jobs data sees GBP rally 15 June 2016

GBPUSD has been up to test the 1.4200-20 offers/res I highlighted but stalled at 1.4215 so far. Let's see if we get a second wave. Currently 1.4202.

EURGBP had a look below 0.7900 again but has bids/support still lined up into 0.7880-85. Currently 0.7901. Ditto the above re second wave.

I remain a GBP rally seller. Shock. Not. lol

Expect GBPJPY to continue as a prime mover as risk sentiment shifts. Currently 150.98 after capping at 151.20 from its decent rally so far.

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