Early buying of the pound has turned into another sell opportunity 8 Nov
Yes folks, it's all about turn again as USDJPY picks up some buying interest to take it out of the 104.30-60 range it had been hugging in Asia and early Europe.
Highs so far of 104.80 but running into fresh sell interest/res there with more into 105.00 as per the order board
This turnaround has seen GBPUSD give up its early gains and retreat back to 1.2381 from 1.2439 while EURGBP pops back up to 0.8911.
None on this is too relevant/meaningful given the big event later but in the meantime it does draw a few lines in the sand that should see some acceleration if broken.
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