It's still keeping the longs frustrated
A mixed reaction between stocks and the pound after Boris becomes a non-runner.
GBPUSD ran back up to near 1.3500 but the door remains firmly closed.
GBPUSD 15m chart
The dips are still quite decent but the higher lows keep the pressure on the upside. Keep an eye on how deep any dip from this failure goes. If it doesn't get lower that 1.3460 odd then we're still on for another test, and too many knocks at the door usually brings only one outcome.
If that happens then 1.3550 is the next big number after yesterday's high. That said, a new push today may have a bit more strength behind it so it could be a quick trip to 1.3600.
@chrisapplegate nailed Boris's how Boris approached the leadership campaign just now.
