Fresh market-moving influence over GBP/USD may be exerted by the 12:30GMT release of September"s US employment report. NFP forecast: 120k.
A worse-than-expected number could spur some USD selling, and inflate GBP/USD to/through noted offers at 1.8795 (today"s Asia high). Stops are tipped above 1.8800. Above-figure obstacles reside at 1.8842 (yesterday"s pre-BoE rate verdict low), 1.8868 (yesterday"s high), 1.8880, and 1.8899 (Tuesday"s top). Four-day lows circa 1.8735 were plumbed in early European trade, after the tripping of stops below 1.8750. 1.8735 is an approximate 61.8% Fibo retracement point of the ascent from 1.8633 (last Friday"s low) to 1.8899. Good size GBP/HKD selling has reportedly been a factor in the drop from 1.8899. A slated ICBC IPO is touted as the cause of the GBP/HKD selling. 1.8775 (former support point) is a pre-1.8795 resistance level. 1.8775 marks the rebound top from the lows circa 1.8735.
EUR/GBP stops reportedly reside above 0.6770. These could inflate the cross towards 0.6780 if tripped.
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