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Pound liking the labour data but sellers still lurking

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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