Good two-way trading opportunities again today 11 April
The pair has GBP 480m rolling off today at 1.4150 and that's adding to the general support/demand that's been building there in the past 24 hours.
Early USD supply today, along with some talk of GBPCHF buying interest from the SNB, saw cable post fresh recent lows of 1.4224 but decent size sell interest up there as per my order board post has prevailed.
EURUSD being underpinned by large option interest from 1.2370 down to 1.2300 and USDJPY also finding impact from 107.00-10 and 106.50-60 interest.
Remember these are vanilla options and in play right up until expiry even if breached in the meantime unlike barrier options which cease to be once broken. For more info on how to use this data, please refer to my post here.
EURGBP holding 0.8700 once again, as I've been highlighting and that is also helping to temper GBP gains elsewhere.
FOMC Minutes at 18.00 GMT to keep in mind for GBPUSD after expiry time, the prospects of an escalation over Syria/Russia events notwithstanding. GBPJPY risk plays are going to remain a prime mover for a long while yet.
GBPJPY remains a prime mover
