The dollar finds some love and the pound suffers

USDJPY was fairly lively as it ran up towards 112.50. It got as high as 112.42 in that sprint but has fallen back to 112.25. USDCAD makes a similar move to 1.3780.

GBPUSD has broken support at 1.4080 and that might well bring a test of yesterday's lows at 1.4058. A break there and we'll be eyeing up 1.40

GBPUSD 15m chart

I've been stopped out at BE for the balance of the long I took yesterday. It had been holding the support well but the weigh became too much. I'd be wary of playing the same trade again down near the lows as that selling pressure will be looking for a better reward this time.