• GBP heavy alongside EUR, other majors on continuing Middle East conflict

• GBP/USD 1.3178-98 in holiday thinned Tokyo-Singapore trading

• Follows 1.3240 to 1.3188 fall Friday, towards 1.3160 trough March 31

• Decisive break below 1.3100 could see further moves down towards 1.3000

• Resistance from 1.3209 hourly Ichimoku kijun, 100-HMA 1.3234

• Hourly Ichimoku cloud 1.3238-64 above, looking to descend some

• Option expiries nearby today at 1.2950, between 1.3290-1.3300, 1.3365-75

• Related comment , also ,
GBP/USD daily:


GBP/USD hourly:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)