GBP Talk

From the FXWW Chatoom: High 1.2985 running into the 1.2980-1.3000 option related offers. Stops 1.3010-20 noted. Driving the gbp move – EurGbp cross trades below 0.84 for first time since Macron won 1st round of French presidential election Apr 23 (0.8357-0.8387 = Apr 21 range). 0.8402 was Tuesday’s low (0.8405 was late April low) stops targetted below 0.8400 in that move.
Cable: short term stops $1.2955/50….would expect some support around the broken resistance at $1.2960 ahead
$/Y model interest to sell at Y114.40/45
GBP/JPY above Y148 and trying to build…..next rsst Dec high of Y148.46
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