GBP forex technical analysis
Some small stops have been flushed in the latest move lower through 1.5175, so the jungle drums inform me. GBP/JPY has fallen a quick 20 odd pips to test 182.00
181.00 remains the big tech level for this pair and the 55 dma adds to support there too
GBP/JPY daily chart
EUR/GBP has a little bid on too as it comes off of the 0.7212 lows to 0.7235 and just ahead of overnight resistance at 0.7240
I don't know the reason why the pound sucks at the moment. It's not looking like a dollar move and I suspect the yen moves have a big hand in it. I wouldn't even say there are perhaps QE related flows into Europe as the moves in the cross aren't big.
