It's been a good recovery for GBP this morning 12 April
Risk-off sentiment on Syria earlier saw GBPJPY getting smacked lower which saw GBPUSD down to test the 1.4150 area I've been warning about and respecting lately.
Good source tells me large sell order (prior to ECB Minutes) in EURGBP had the desired effect to kick it on through the strong line of defence around 0.8700 and we've been down to test the next line at 0.8680.
Add some GBPJPY demand as USDJPY climbs back above 107.00 on better risk sentiment and GBPUSD now pushing up into yesterday's 1.4224 highs where we can expect some sell interest/resistance again.
Great two-way opportunities to be had in these markets still. Just don't get greedy.
