It's been a good session for the pair on month-end demand but sellers now prevailing 31 May 2016
I highlighted the 0.7650 offers/res in an earlier post and suggested it would help cap the month-end demand along with GBPUSD demand between 1.4550-70.
Currently 0.7627 from 0.7642 highs with GBPUSD rallying into 1.4620 I wouldn't rule out another wave of EURGBP demand but still expect the 0.7650 area to hold, for the moment at least. Talk of stop loss buy orders through 0.7660.
GBPUSD should now find sellers between 1.4630-50.
