It's been a session of two-way business again for the pound 17 June 2016
Earlier I highlighted the decent offers/resistance between 1.4300-30 and dip demand on EURGBP and we've duly seen a retreat from 1.4312, and a rally, and another retreat.
GBPUSD currently 1.4238 with EURGBP back above 0.7900 after good demand around 0.7870 but still with offers/sellers lurking at 0.7910 and 0.7930 so we'll need some further impetus to break through. GBPUSD bids/support into 1.4200 with more at 1.4200.
I continue to prefer to play GBP from the short side but there's no doubting the two-way opportunity to be had right now.
