It's been a good session for the pound so far 28 April
Dip demand, possibly month-end related, in early trading ran out of steam above 0.8435 and with USDJPY holding steady we've seen GBPJPY demand combine to send cable higher.
Stops seemingly triggered above 1.0925 to post 7-month highs of 1.2939 so far with GBPJPY up to 143.93 and EURGBP down to 0.8417.
Offers at 1.2950 and 144.00 with EURGBP demand into 0.8400 and 0.8385.
Not seeing any news or hearing of prime movers so we'll see what flows transpire now. Caution advised for GBP sellers at this time given the weak euro and yen sentiment playing out.
Option expiries at 1.2900 and 1.3000 should help contain range.
More order boards on their way.
