New day, new month, and GBPUSD is an early casualty
There's nothing like a 70 pip dump on decent data to get the head scratching started
GBP/USD is now down to a 1.4760 low in what looks like some flow action going through the beginning of the month. Support is initially around the lows from yesterday at 1.4755
Just to remind you that positions that were closed at the end of March can be re-instated today and we're still in the grips of the UK financial year end, which is 5th April. As that falls over the weekend we can expect business to be conducted over the next couple of days
GBP/USD 15m chart
Under the support here we may have a look at the bottom of the short term channel which comes in around 1.4725
GBPUSD H4 chart
USD/JPY is on a run towards the highs from yesterday at 120.36
Well that didn't take long and the support at 1.4755 is scuppered down to 1.4751
