After finding some semblance of support ahead of 1.4050 we'll see whether that's worth something
From the low at 1.4058 we're now finding support at 1.4070. That's where bottom pickers are probably protecting their longs.
GBPUSD 15m chart
It's this sort of action that can define the moves over the next few hours. If the low is taken out then shorts are likely to push on. If we hold then some of them will look to take profits and buyers will come out on top.
I've taken a small long here with a stop just under the low. I feel the news has taken the pound to into overdone territory. I would have liked to do this trade closer to the 1.40 big figure for that potential added support but I'm basing the trade on the PA now.
Also, just a reminder that Cameron is speaking to UK parliament about the EU deal at 15.30 GMT and there will be a few eyeballs on that.
