Cable rallies again after finding good demand in the dips

GBPUSD now back above 1.3020 again after the earlier falls 29 Sept

Good demand/support around 1.2985 that I have highlighted a few times this morning has held to put a spring back into the pound's step as shorts take a bit of money off the table.

I also mentioned offers/res between 1.3020-30 to cap from those lows and we're seeing that in play now with the pair at 1.3020 after highs of 1.3028.

US GDP data muddies the picture a little now being only 30 mins away but I'm a seller again up here and into 1.3050-55.

As always EURGBP is having its say and at 0.8618 from 0.8643 on month-end flows the fall has helped put a bid under the pound again.