First appeared on eFXplus on Jul 09 - 09:10 PM
- GBP/USD off to 1.3189, GBP/JPY to 146.06 post-UK Cabinet to-do.
- Resignations of key ministers since taken in stride, both bouncing.
- Cable to 1.3270 late New York, cross still bouncing, to 147.17.
- Early Asia GBP/JPY low 146.78, now up against descending 55-DMA resistance.
- 55-DMA 147.23, high yesterday pre-Boris Johnson resignation 147.59.
- Break back above 55-DMA bullish, would put 148.26 100-DMA in sights.
Thomson Reuters IFR Markets