General yen demand has been a theme so far and now GBPJPY is leading the way 11 Aug
Yes folks, the baton got passed rather rapidly from EURJPY to GBPJPY in the past 30 mins or so and I hear now that a large GBPJPY sell order was triggered to accelerate the pound's fall.
GBPUSD has now posted lows of 1.2967 just ahead of recent lows and the strong 1.2950 support. EURGBP has been given another leg up toward 0.8600 after holding 0.8570. GBPJPY lows of 131.31 with demand noted into 131.00 now with sellers lining up at 132.00
Sell rallies/buy dips providing good opportunity again but I know my preference still.
