The pair closed in NY Friday at $1.4890 after rate had been shoved down to extended lows of $1.4855 following the release of strong US employment data, adding to Thursday’s dovish forward guidance from new BOE Governor Carney. Rate opened Asia slightly higher around $1.4910 but came under early pressure which allowed rate to sink back to $1.4859 before it settled between $1.4868/83 through the balance of the session, trading around $1.4878 into Europe. Rate so far remains buoyed above $1.4850, a break here to expose the 2013 lows of $1.4832, with a 76.4% retrace level of $1.4231-$!.6747 (2010 low-highs) coming in at $1.4825. Stops seen placed on a break of $1.4820. Further demand seen into $1.4800. Offers $1.4915/20, a break to open a move toward $1.4970-90. Euro-sterling was contained within a range of stg0.86125-0.8624 through Asia. Offers in the cross seen between stg0.8625/35. Support stg0.8600-0.8590, stops below.
